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China's issuance of local government....>

CHINA PRESS
CHINA PRESS: China's issuance of local government bonds in 2020 will exceed CNY5
trillion and may even hit a record CNY6 trillion, the China Business News
reports. Citing Ma Liya, senior analyst at the credit-rating agency Dongfang
Jingcheng the News report said new bonds will reach CNY4.35 trillion, with
refinancing accounting for close to CNY2 trillion. The report said the issuance
was driven by the need to stabilise economic growth. 

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