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China to accelerate US$224 billion of local bond issuance to support slowing economy

Summary:
[unable to retrieve full-text content]China intends to accelerate the pace of local government special bond issuance to bolster investment and economic growth, the finance ministry said on Friday, striving to complete the annual quota by the end of November.Policymakers are seeking to support a faltering recovery, as economic growth in the third quarter was the slowest this year, due partly to power shortages and wobbles in the property sector.China’s local governments issued a net 2.22 trillion yuan (US7 billion) in special…

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[unable to retrieve full-text content]
China intends to accelerate the pace of local government special bond issuance to bolster investment and economic growth, the finance ministry said on Friday, striving to complete the annual quota by the end of November.Policymakers are seeking to support a faltering recovery, as economic growth in the third quarter was the slowest this year, due partly to power shortages and wobbles in the property sector.China’s local governments issued a net 2.22 trillion yuan (US$347 billion) in special…
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