Summary | New incentives for local debt - China.org.cnNone of
the government bodies would confirm the reports.First, the
"stick".The proceeds of these issues would be used to repay
legacy debt to creditors, mainly banks.They will thus be
relatively liquid assets for the banks.But the issue has been
scaled down to 52.2 billion yuan from 64.8 billion yuan.All the ...
the government bodies would confirm the reports.First, the
"stick".The proceeds of these issues would be used to repay
legacy debt to creditors, mainly banks.They will thus be
relatively liquid assets for the banks.But the issue has been
scaled down to 52.2 billion yuan from 64.8 billion yuan.All the ...
china.org.cn | 13 May 2015