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Local govt bond issues to rise this year

Local govt bond issues to rise this year
By CHEN JIA |
China Daily |
Updated: 2021-05-06 08:58
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Workers are busy at the construction site of a smart factory in the economic and technological development zone in Yinchuan, Northwest China s Ningxia Hui autonomous region, on May 1, 2021. [Photo/Xinhua]
Local government bond issuances are expected to hit a record this year as the government continues steps to stabilize infrastructure construction and spur economic growth, despite economic activity almost rebounding to the levels before the COVID-19 pandemic, experts said.
According to estimates from the National Debt Association of China and China Chengxin International Credit Rating, new local government bond issuances in the country are set to reach 4.62 trillion yuan ($714 billion) by the end of this year, with local government special-purpose bonds accounting for a substantial por ....

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Kate and William's children 'don't need a childhood bond' with Archie, says royal author

Kate and William s children don t need a childhood bond with Archie, says royal author
4 May, 2021 11:23 PM
3 minutes to read
Author of a new book on the royal family claims that Prince George, Princess Charlotte and Prince Louis don t need a childhood bond with their cousin, Archie. Photo / Getty Images
Author of a new book on the royal family claims that Prince George, Princess Charlotte and Prince Louis don t need a childhood bond with their cousin, Archie. Photo / Getty Images
news.com.au
By: Belinda Palmada
A royal author predicts Prince William and Kate s children will develop a bond with their cousin Archie Mountbatten-Windsor later in life. ....

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Billie Eilish makes history as only celeb to have 6 posts in Instagram's top 20 most liked pictures of all time | English Movie News

»
Billie Eilish makes history as only celeb to have 6 posts in Instagram s top 20 most liked pictures of all time
Billie Eilish makes history as only celeb to have 6 posts in Instagram s top 20 most liked pictures of all time ....

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Gold Price Bounces from $30 Plunge as Yellen Tweaks 'Raise Interest Rates' Comment

Wednesday, 5/05/2021 14:14
GOLD PRICES held $10 per ounce higher for the week so far in London on Wednesday, but remained almost $20 below yesterday s test of 3-month highs after US Treasury Secretary Janet Yellen spooked financial markets by saying interest rates may have to rise.

Chair of US central bank the Federal Reserve from 2014-2018, Yellen said in a pre-recorded interview released Tuesday that the new Democrat White House s multi-trillion Covid and infrastructure stimulus
does involve a re-allocation of resources away from the private sector towards government borrowing.

And, you know, it may be that interest rates have to rise somewhat to make sure that our economy doesn t overheat, even though the additional spending is relatively small. ....

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Auckland rental property bond lodgements plummet 30% in February: 4 possible reasons

Auckland rental property bond lodgements plummet 30% in February: 4 possible reasons
4 May, 2021 02:00 AM
7 minutes to read
Auckland bond lodgments dropped 30 per cent in February compared to last year. Photo / Peter Meecham
Auckland bond lodgments dropped 30 per cent in February compared to last year. Photo / Peter Meecham
The number of new Auckland residential bonds lodged with the state service for rental properties plummeted 30 per cent in February this year compared to last February, official statistics show.
Bonds lodged is the best
new tenancy indication but what would have usually been the busiest month of the year became a four-year slump.
The reasons for the change are not yet clear and nor is it clear if that pattern will continue. ....

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