New local govt bonds reach 1.41 trillion yuan

Local governments in China have issued new bonds worth 1.41 trillion yuan (US$201.1 billion) as of March 20 this year, which accounted for 76% of the 1.85 trillion yuan quota pre-approved by the central government, according to the Ministry of Finance. New bonds for special projects issued by local governments amounted to 1.02 trillion yuan, […]