MNI: China Urges Quicker Issuance of Local Govt Bonds

     BEIJING (MNI) - China's local governments have quickened the pace of

issuing bonds under central fiscal authority's order to help support growth, the

Ministry of Finance said.

     Regional authorities this year have sold bonds about four to five months

ahead of the pace of last year, a spokesman told reporters in a briefing on the

first-quarter's fiscal standing.

     While the implementation of the value-added-tax cuts places pressure on

fiscal income, the government is confident that this year's fiscal growth

targets will be met, the ministry also said.

--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com

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