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There has been CNY3.35 trillion in......>

CHINA PRESS
CHINA PRESS: There has been CNY3.35 trillion in local-government debt issued
this year as of Tuesday, the China Securities Journal reported Wednesday. The
effect of local-government-debt issuance on market supply and liquidity will
weaken in the coming months, it said with about CNY1.5 trillion expected to be
issued in the second half of the year -- or about CNY430 billion every month.
Therefore, pressure to issue local-government debt will be relatively
controllable. This pressure will reduce in 2018 because the
local-government-debt swap quota is CNY1 trillion-CNY1.5 trillion. (China
Securities Journal)

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