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China’s local authorities sped up issuing Local Government Bonds (LGBs) on a large scale, with the total amount .

Zhao weiLiang jiLi keqiangJessica maoMark schiefelbeinTaihe instituteShenzhen stock exchangeChinese academy of fiscal scienceChina healthcare security administrationShanghai stock exchangeLocal government bondsSecurities dailyFen linBeijing based golden credit ratingFinancial governments unableChinese academy