Jan 26, 2021 11:17 AM (GMT+8) · EqualOcean
By the end of December 2020, the balance of local government debt in China is 25661.5 billion yuan, including 12739.5 billion yuan of general debt and 12922.0 billion yuan of special debt; the debt forms include 25486.4 billion yuan of government bonds and 175.1 billion yuan of non-government bonds. By the end of December 2020, the average remaining life of local government bonds is 6.9 years, including 6.3 years for general bonds and 7.5 years for special bonds; the average interest rate is 3.51%, including 3.51% for general bonds and 3.50% for special bonds.

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