Econ and Finance - 07 Sep 2020

Heavy bondage

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For months, we’ve been telling you about the role that local bond issuance has played in China’s economic recovery.

According to Yicai, in the first eight months of 2020, local governments issued RMB 3.75 trillion worth of new bonds– nearly 80% of this year’s RMB 4.73 trillion quota.

The...

Snuh-ohez.

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