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View Full Version : China Plans $29 Billion Bonds for Local Governments - Bloomberg



NewsWhore
03-04-2009, 10:30 PM
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China Plans $29 Billion Bonds for Local Governments (http://news.google.com/news/url?sa=T&ct=us/3-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3Da_D4Fq5xU5F8%26refer%3Dhome&cid=1311246308&ei=9UevSeCVMpKoQefzsYEC&usg=AFQjCNFXBl2yjogPEj2sd9TzDPaxHXgs9g)
Bloomberg
China’s long-term local-currency debt is rated A+ by S&P, which is the fifth-highest investment grade and on par with Chile and Italy. “The outstanding government debt in 2009 will be about 20 percent of gross domestic product, which is tolerable and ...


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