China debt sale falls short for first time in nearly two years

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#1
China debt sale falls short for first time in nearly two years

BEIJING - China’s Finance Ministry failed on Friday to sell all of the debt offered at an auction for the first time in 23 months owing to a cash squeeze that threatens to exacerbate a slowdown in the world’s second-largest economy, Bloomberg News reported.

The ministry sold 9.53 billion yuan (S$1.9 billion) of 273- day bills, less than the 15 billion yuan target, according to Chinabond, the nation’s biggest bond-clearing house. Agricultural Development Bank of China raised 11.51 billion yuan in a sale of six-month bills last week, less than its 20 billion yuan goal.

http://www.todayonline.com/business/chin...-two-years
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#2
bo lui liao loh....

china buys US debt, who will buy china's debt?
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com
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