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Chinese local governments used 87% bond quota, 16 has used up quotas

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Several local governments in China have completely used up the quota for bond issuance this year, ramping up speculation that the central authority will have to raise the quota to provide more support to boost the economy that's been slowing down persistently despite stimulus introduced in the past year.

As of August 20, 16 Chinese provinces or cities had used up their bond quota for this year, according to data from the Ministry of Finance.

Local governments had issued . . .

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