China's State Council has approved the trial of an expanded bond selling program which includes two more local governments.
Ministry of Finance says local governments in Shandong and Jiangsu will now be allowed to sell bonds directly.
CRI's Xie Zhao has more:
China Allows Two More Local Governments to Issue Bonds
Guangdong and Zhejiang as well as the cities of Shenzhen and Shanghai have already trialed the bond selling program.
Now the coastal provinces of Shandong and Jiangsu have been added to the list.
Zhao Xijun is Dean of the School of Finance at the RenMin University of China.
He says the two provinces were chosen
