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Special Purpose Bonds May Increase by CNY3.75 Tln 2021: Herald

CHINA PRESS
MNI (Sydney)

Government special-purpose bonds quotas may increase by CNY3 trillion to 3.5 trillion in 2021, lower than the increase of CNY3.75 trillion this year as the economy recovered and the policy returns to normal, according to the 21st Business Herald citing Yang Xiaoduo, a senior analyst with Bridata. The Herald also quoted Ma Jun, and an anonymous chief-income analyst, who said the quotas may be lower than in 2020 as the government reined in the easing policies. The comprehensive fiscal resource of the government is expected to be CNY27.7 billion at the end of this issuance process and the debt ratio would be 94%, approaching the red line of 100%, the Herald reported citing data from the Finance Ministry.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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