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More than US$73 billion yuan in special bonds to be issued

Local Chinese governments have accelerated the supply of special bonds lately, with 428 billion yuan (US$62.52 billion) issued in August, the Economic Information Daily reported. It is also expected that the scale of new special bonds will exceed 500 billion yuan (US$73.16 billion) in September. Among all, the issuance of special bonds for land reserves remains […]