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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (2324)	12/31/2003 3:39:53 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China sets record with annual bond sales worth US$76 billion to fuel growth Updated at 7:55 on December 31, 2003, EST. BEIJING (AP) - China issued a record $76 billion US in domestic treasury bonds in 2003, according to new government data that highlight its reliance on debt to stimulate economic growth. Treasury bond sales were up nearly six per cent from the 2002 total of $72 billion, according to Tuesday's report by the state-backed National Debt Association of China. However, 2003 sales fell short of the government's target of $77 billion. China's bond sales have set new record highs every year since 1994, financing massive government investment in roads, power plants and other infrastructure and keeping millions of people employed. .. www3.cjad.com