BEIJING -- China is on track to issue more than 1.5 trillion yuan ($224 billion) in local government bonds during June, a monthly record underwriting infrastructure investments designed to stimulate the economy.
Economy
China sets record local bond issuance in June to spark economy
$224bn anticipated for infrastructure projects as Beijing orders fast action
A worker installs steel rebars at a highway construction project in Hami, China. Local Chinese governments have issued a record total of bonds for infrastructure investment in June. © Reuters
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