China’s local government bond issuance hit lowest since April in July, bond sales expected to pick up in August, September
DATA FEATURES
China’s local government bond issuance hit lowest since April in July, bond sales expected to pick up in August, September
DATA FEATURES

China’s local government bond issuance hit lowest since April in July, bond sales expected to pick up in August, September

 

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The pace of Chinese local government borrowing has been generally slow this year and their bond issuance in July hit the lowest level since April. But there are signs of a pick-up this month and analysts expect bond issuance to jump above 1 trillion yuan each month in August and September.

Local governments issued a total of 656.8 billion yuan of bonds last month, including 248 billion yuan of general-purpose bonds and 408.8 billion yuan of special-purpose bonds, according to data released by the Ministry of Finance. That included 403.3 billion . . .

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