Mama Knows News: Exclusive: China plans bond overhaul to fund $6 trillion urbanization

Thursday, February 28, 2013

Exclusive: China plans bond overhaul to fund $6 trillion urbanization - sources

BEIJING (Reuters) - China plans major bond market reform to raise the money the ruling Communist Party needs for a 40 trillion yuan ($6.4 trillion) urbanization program to buoy economic growth and close a chasm between the country's urban rich and rural poor. The Party aims to bring 400 million people to cities over the next decade as the new leadership of president-in-waiting Xi Jinping and premier-designate Li Keqiang seek to turn China into a wealthy world power with economic growth generated by an affluent consumer class. ...

Exclusive: China plans bond overhaul to fund $6 trillion urbanization - sources
Thu, 28 Feb 2013 21:19:10 GMT

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Thursday, February 28, 2013

Exclusive: China plans bond overhaul to fund $6 trillion urbanization - sources

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