The Central Government is allowing all provincial governments to issue local bonds to help finance the construction of public welfare facilities. But so far investors haven’t shown much interest in the bonds-the firs...The Central Government is allowing all provincial governments to issue local bonds to help finance the construction of public welfare facilities. But so far investors haven’t shown much interest in the bonds-the first of their kind to be issued in China. Ni Xiaolin, a senior commentator at Xinhua News Agency, discusses why in the following article she wrote for Beijing Review.展开更多
文摘The Central Government is allowing all provincial governments to issue local bonds to help finance the construction of public welfare facilities. But so far investors haven’t shown much interest in the bonds-the first of their kind to be issued in China. Ni Xiaolin, a senior commentator at Xinhua News Agency, discusses why in the following article she wrote for Beijing Review.
