China’s new bonds issued by local governments amounted to RMB 441.9 billion ($64.3 billion) in February this year, including general bonds of RMB 106.2 billion ($15.5 billion) and special bonds amounting to RMB 335.7 billion ($48.9 billion), according to the Ministry of Finance (MOF).
In the current year up to February 28, the balance of national local government debt reached RMB 36.2269 trillion ($5.3 trillion), including general debt of RMB 14.6934 trillion ($2.1 trillion) and special debt of RMB 21.5335 trillion ($3.1 trillion).