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Coronavirus
VERY HIGH
Pakistan Deaths
15,754
13524hr
Pakistan Cases
734,423
468124hr
Sindh
269,840
Punjab
255,571
Balochistan
20,499
Islamabad
67,491
KPK
101,045

BEIJING: The value of bonds issued in China totaled 2.4 trillion yuan (about 357 billion US dollars) in February, the central bank said Monday.

Treasury bond issuance stood at 160 billion yuan, while local government bond issuance was worth 364.2 billion yuan, according to the People's Bank of China.

By the end of February, the size of outstanding bond market debt was 88 trillion yuan.

China stepped up efforts last year in preventing abnormal financial volatility and properly handling local government debt risks.

The debt balance of local governments stood at 18.39 trillion yuan at the end of 2018, well below the official ceiling of 21 trillion yuan, official data showed.

Copyright APP (Associated Press of Pakistan), 2019