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Issuance of local government bonds is...>

CHINA PRESS
CHINA PRESS: Issuance of local government bonds is expected to grow in 2018 with
a probable surge in a newer special bond, the 21st Century Business Herald
reported Tuesday. Issuance of the special bond is predicted to reach CNY2.3
trillion next year, CNY670 billion more than in 2017, the newspaper said, citing
bond analysts. Special bond issues doubled to CNY800 billion in 2017 from 2016.
Issuance of local government bonds has shrunk this year as rates rose because of
tight financial regulation, totaling CNY4.36 trillion as of Dec. 25, compared
with CNY6.05 trillion in 2016.(21st Century Business Herald)

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