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CHINA PRESS: Some provincial and municipal governments are planning to issue
local government bonds as early as January, sooner than in the previous years,
said Shanghai Securities Journal on Thursday citing an anonymous official at a
local finance department. Issuing in advance may help accelerate the growth of
new bonds and support local finances, the newspaper said. Though the specific
issuance quota and timing need approvals by the Finance Ministry, the scale of
local government bonds is expected to expand for the year ahead, the newspaper
said citing the official.