Local gov't bonds worth 4.17 trln yuan issued in 2018
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China's local governments raised a total of 4.17 trillion yuan (613.51 billion U.S. dollars) through bond issuance in 2018, official data showed Wednesday.

The debt balance stood at 18.39 trillion yuan at the end of last year, well below the official ceiling of 21 trillion yuan, according to the Ministry of Finance.

Author： 　　　Source：xinhua　　　 Editor：Yang Fan