China has tripled the quota for bond sales by local governments to Rmb1.5tn ($240bn) in a bid to shunt some of their hefty debts back on balance sheets at lower rates of interest. Ultimately this is set to reach Rmb3.5tn, according to local media.
manbetx3.0 已将地方政府发售债券的额度增加两倍，至1.5万亿元人民币（合2400亿美元），让地方政府能将部分沉重的债务以较低利率转回到资产负债表上。据manbetx3.0 媒体报道，最终这将达到3.5万亿元人民币。
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