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The market has higher expectations on...>

CHINA PRESS
CHINA PRESS: The market has higher expectations on the expansion on local
government bond issuance after a meeting of a key government committee,
according to a report in the PBOC-run Financial News. The newspaper reported
that the meeting of the Financial Stability and Development Committee sent a
signal that the authorities would use fiscal policy and increase support for
special bond issuance. There is a remaining balance of CNY1.2 trillion in
special bonds from previous years that could be used, according to the report. 

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