China issues 4.57 trillion yuan in new local gov't bonds in January-October

NAMPA / Xinhua
2024-11-29
BEIJING, Nov. 29 (Xinhua) -- China's local governments issued new bonds worth 4.57 trillion yuan (about 635.8 billion U.S. dollars) in the first 10 months of this year, data from the Ministry of Finance showed. Of the total, special bond issuance came in at 3.91 trillion yuan, while the issuance of general bonds amounted to 656.8 billion yuan. In the 10-month period, local government bonds were issued with an average term of 13.4 years and......
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