Local government bond issuance jumps 80% in Q1
Subscribe to keep reading.
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Already a subscriber? Log in.
Local governments issued bonds at an unprecedented pace in Q1, as efforts to pay off hidden debt and support economic growth ramped up.
Per the China Central Depository and Clearing Co, a unit of the finance ministry (MoF):
Local governments issued a record RMB 2.84 trillion in bonds in the first t...