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China's five-year treasury bond futures opened mixed on Friday. [Photo/IC]
China's newly revised Budget Law stipulates that local government can issue bonds-general bonds and special bonds-through a national quota-based mechanism, but more detailed management should be improved.
China's fixed-asset investment, industrial output and export growth weakened in October and raised concerns that growth in the world's second-largest economy may slow in the last quarter of this year after the country registered stronger-than-expected 6.9 percent GDP growth in the first three quarters.
China's foreign exchange reserves, however, unexpectedly increased in July to .12 trillion despite the recent weakening of the renminbi, which will help stabilize investor expectations and anchor the renminbi, said Guan Tao, former director of the international payments department of the State Administration of Foreign Exchange.
China's job market continued its upward trend in the third quarter thanks to robust economic growth, according to a recent report by recruitment website Zhaopin.