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.
中國已將地方政府發售債券的額度增加兩倍，至1.5兆元人民幣（合2400億美元），讓地方政府能將部分沉重的債務以較低利率轉回到資產負債表上。據中國媒體報導，最終這將達到3.5兆元人民幣。
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