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China set to see local government bond issuance surge in June amid infrastructure push


China is expected to see a surge in local government bond issuance this month and some expect the authorities to raise quota for the bonds in the second half of the year, in a move to boost infrastructure spending and reinvigorate the weakening economy amid a bitter trade war with the United States.

Some 328 billion yuan ($47 billion) of local government bonds will be issued this week, the most this year.

During the period of June 1 - June 20 . . .

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