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China’s local government bond sales hit three-year high in June, bond quota expected to rise

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China's local government bond issuance hit the highest in three years in June and some expect the authorities to raise quota for the bonds later this year, in a move to ramp up infrastructure spending and boost the weakening economy amid the trade war with the United States.

Chinese local governments issued 899.55 billion yuan worth of bonds in June, the highest one-month amount since July 2016, according to the data from the Wind Information.

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