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Local government bond issuances have exceeded 10 trillion yuan for the first time.

02/12/2025

According to data from the data platform institution, as of December 2nd, the total amount of local government bond issuance in China was approximately 10.1 trillion yuan. Reporters found from official data released by the People's Bank of China and the Ministry of Finance that this is the first time in history that the annual issuance of local government bonds has exceeded 10 trillion yuan.

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