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China state-controlled media with the report( Yicai International, the English-language information service of Yicai Media Group, the financial information arm of Shanghai Media Group).
Briefly:
- Native governments in China issued a round of CNY2.1 trillion (USD305.3 billion) of bonds within the first three months of this yr, up 15.6 % from a yr earlier, with most going to finance infrastructure initiatives.
- Refinancing bonds used to repay debt jumped 73 % to CNY440 billion (USD63.9 billion) within the first quarter from a yr in the past.
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