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China quietly cut borrowing cost requirement for local government to boost investment

Chinese authority have quietly cut the premium that local governments are required to pay to sell bonds, in a move to reduce their borrowing costs as the world's second largest economy is keen to boost infrastructure investment and local government spending to shore up growth.

Bonds issued on Tuesday by the Jiangxi and Sichuan provincial governments were issued at a coupon rate of 25 basis points higher than the . . .

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