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China to allow local governments to use part of 2020 bond quota this year – government official


China' State Council in a meeting earlier this month called for an acceleration of issuance of special bonds by local governments and pledged to front-load 2020 local government bond quotas to spur infrastructure investment.

The market has been wondering if part of 2020 quota will be available for use in the fourth quarter this year as the quota for 2019 is expected to be used up by the end of September.

Fu Linhui, spokesman of the National Bureau of . . .

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