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China’s local government bond sales soared in June, infrastructure project approval accelerated sharply

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China's local government bond sales in June hit the highest so far this year and the regulators significantly accelerated approval of fixed-asset investment projects as Beijing ramps up infrastructure spending to spur the weakening economy amid a bitter trade war with the United States.

Net local government bond issuance hit 717 billion yuan last month, the highest amount so far this year and accounting for one third of the total amount in the first half of the year . . .

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