China's local governments issue debt of $680 billion in 2017Staff Writer | January 17, 2018
China's local governments raised 4.36 trillion yuan ($680 billion) through debt issuance in 2017.
Asia Local government debt balance
New debt issuance stood at 1.59 trillion yuan while that issued through the debt-for-bond swap program reached 2.77 trillion yuan, according to the MOF. ■