China’s budget law is amended to allow for municipal bond issuance
Published on Wednesday, September 3, 2014 | Updated on Wednesday, September 3, 2014
China’s budget law is amended to allow for municipal bond issuance
Summary
China's parliament, National People’s Congress, formally approved the amendment of the budget law, allowing local governments at provincial level to issue municipal bonds directly (effective from January 2015).
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- Macroeconomic Analysis
Authors
Le Xia
BBVA Research - Chief Economist
Jinyue Dong
BBVA Research - Principal Economist