Risk Watch: China Broadens Issuance of Local Government Bonds to Defer Crisis

◎ The CCP is putting its political credit on the line by making local bonds available over the counter. Edited on April 18, 2019.  Starting from March 25, commercial banks in Zhejiang, Shandong, Shaanxi, Sichuan, Beijing, and Ningbo began piloting the sale of local government bonds (henceforth referred to as local bonds) over the counter …

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