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13th May 2024 14:14China+Daily Monitor

  • China’s Ministry of Finance yesterday announced ultra-long special-bond issuance will start on Friday.
  • April’s credit data hit a wall, due to government-bond and bankers’ acceptances repayments .
  • Rising government-bond issuance should lift bond yields and credit growth from May onwards.

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independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence