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Chinese local governments issued 1.2 trillion yuan bonds in August, second highest on record


Chinese local governments accelerated bond issuance in August, with total bond sales hitting the second highest monthly on record, to boost investment and support the coronavirus-hit economy.

Local governments issued nearly 1.2 trillion yuan worth of bonds in August, the second highest one-month amount on record, after 1.3 trillion yuan in May this year, according to data from Wind Information.

For the first eight months of the year, they issued a . . .

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