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          February 01, 2021

          Proactive Fiscal Policy Is Still Expectable, and Mitigation of Local Debt Risks May Be Further Ramped up

          Hong Kong, 1 February 2021 -- China Chengxin International Credit Rating Co., Ltd. (“CCXI”) issued a report entitled Scale Expansion and Variety Innovation Aim to Stabilize Growth; Multiple Measures and Diversified Efforts Devoted to Risk Mitigation: 2020 Review and 2021 Outlook of the Local Government Bond and Urban Construction Investment Bond Industry (Policy Chapter)”, presenting a systematic analysis of the urban construction investment enterprises of 2020, and the outlook on the future fiscal policy and the resolution of local debt risks.


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