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Chinese local governments have issued...>

CHINA PRESS
CHINA PRESS: Chinese local governments have issued CNY3.67 trillion in bonds so
far this year, the China Securities Journal reported Friday, based on data from
Wind Information. As predicted by some financial institutions, full-year local
bond issuance is likely to reach CNY4.8 to CNY4.9 trillion, meaning another
CNY1.2 trillion will be issued in the remainder of the year. As the Chinese
central government has taken new measures and issued new policies to control
local government indebtedness, the liquidity of local government debt has
increased, the newspaper said. 

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