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Local Govt Bonds Raise More Than CNY600 Billion In Jan

CHINA PRESS
MNI (BEIJING)

Local government bond issuance was CNY643.5 billion in January, according to the Ministry of Finance. China Securities News said data for February was also high, with CNY576.1 billion issued so far, including CNY335.753 billion yuan of new special bonds. Analysts interviewed by the paper said it was important to ensure the funds raised were used efficiently, and early issuance will help to stabilise growth this year and provide a backstop for the economy. One economist predicted infrastructure investment in the first quarter would grow at a double-digit rate.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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