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Chinese local governments issued nearly 1 trillion yuan special-purpose bonds, full-year sales likely to exceed 5 trillion

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Chinese local governments accelerated bond issuance, with nearly 1 trillion yuan special-purpose bonds sold in the first two months. Analysts estimate full-year local government bond sales are likely to exceed 5 trillion yuan as authorities step up efforts to boost the economy hit by the coronavirus outbreak.

Local governments issued 949.8 billion yuan new special-purpose bonds in the first two months, according to data released by the Ministry of Finance on Tuesday, accounting . . .

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