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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