Chinese local governments are...........>

CHINA PRESS: Chinese local governments are expected to issue more than CNY500

billion in special bonds in September to boost infrastructure investment,

Economic Information Daily reported Monday. 

  - Some CNY428 billion in special bonds were issued in August, according to the

newspaper; 

  - Most of the money raised by the issuance will be used in infrastructure

investment, especially after the central government frequently issued documents

to encourage such issuances in August, the newspaper said; 

  - The funds of the bonds already issued have been used in municipal public

projects, transportation and government-subsidised housing projects, the

newspaper said, citing experts including researcher at China International

Futures Corporation.