Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, May 28 (Xinhua) — Local governments across China issued new bonds worth about 1.49 trillion yuan (about 207.63 billion U.S. dollars) in the first four months of this year, data released by the Ministry of Finance showed Wednesday.
The volume of targeted bonds issued amounted to over 1.19 trillion yuan, while ordinary bonds amounted to 302.3 billion yuan.
As of the end of April, the remaining debt obligations of local governments across the country amounted to about 50.69 trillion yuan, according to data from the aforementioned department.
China plans to take more proactive financial policies this year to support sustainable economic and social development. According to the government work report released this year, the country plans to issue 4.4 trillion yuan of local government bonds this year, up 500 billion yuan from the previous year. -0-