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China in infrastructure drive via local govt bonds

Jolie Ho
More than Rmb1 trillion of special-purpose bonds could hit the onshore market by October-end and offer a premium over the Chinese risk-free rate. But buyers beware.
China in infrastructure drive via local govt bonds

China is turning to tailor-made local government debt to fund infrastructure projects and support the economy, but investors tempted by such bonds should be wary of putting their money to work in overly crowded sectors.

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