China has accelerated local government bond issuance this year, with the issuance hitting a new record high in May, to boost investment and mitigate the impacts of the coronavirus pandemic.
Local governments issued a total of 1.3 trillion yuan bonds in May, the highest one-month amount on record, according to data from the Wind Information. The previous record was seen in April 2016 when local authorities issued 1.06 trillion yuan bonds.
The . . .
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