Allow more local governments to issue bonds, think tank says

China may decide next month to expand a trial programme allowing local governments to sell bonds, in response to concerns that their huge borrowings are largely hidden from view and pose a risk to the stability of the country’s financial system.

via Business feed http://www.scmp.com/business/banking-finance/article/1336455/allow-more-local-governments-issue-bonds-think-tank-says