China’s new bonds issued by local governments amounted to RMB 1.8259 trillion ($0.26 trillion) in the January-June period this year, including general bonds worth RMB 332.4 billion ($46.6 billion) and special bonds amounting to RMB 1.4935 trillion ($0.21 trillion), according to China’s Ministry of Finance (MOF).
In the current year up to June 30, the balance of local government debt in China reached RMB 42.6098 trillion ($6.0 trillion), including general debt of RMB 16.2582 trillion ($2.3 trillion) and special debt of RMB 26.3516 trillion ($3.7 trillion).