BEIJING—China’s state planning agency said it would give local governments more leeway to issue bonds in order to repay maturing debt.
Companies set up by local governments, often called local government financing vehicles, can issue new bonds to help repay maturing debt on time and ensure that work continues smoothly on existing infrastructure projects, the National Development and Reform Commission said.
The state planning…
Follow this link: Chinese Localities Get Leeway On Bonds
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