China’s new bonds issued by local governments amounted to RMB 1.4527 trillion ($0.2 trillion) in the January-May period this year, including general bonds of RMB 291.9 billion ($41 billion) and special bonds of RMB 1.1608 trillion ($0.16 trillion), according to China’s Ministry of Finance (MOF).
In the current year up to May 31, the balance of national local government debt reached RMB 42.3838 trillion ($5.9 trillion), including general debt of RMB 16.2693 trillion ($2.3 trillion) and special debt of RMB 26.1145 trillion ($3.7 trillion).