Only 300 Billion Yuan To Go To Meet 2015 Minimum Needs

Bloomberg: China Doubles Local Government Debt Swap Quota to Ease Risks

China granted another 1 trillion yuan ($161 billion) quota to provinces to swap high-interest debt into low-cost bonds, doubling the previous amount.

The expansion, which brings a quota first issued in March to 2 trillion yuan, is an important measure to stabilize growth and prevent risks, the Ministry of Finance said in a statement.

From May: China Local Debt Risk Rising, Minsheng Estimates ￥2.3 Trillion Needed in 2015