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OverviewAPI
Chinese municipal debt's premium has decreased as LGFV bonds rally, reflecting Beijing's support. The indebted Zhengzhou city backtracks on cash handouts for third children due to funding issues. Low-rated Chinese LGFV bonds' spreads are narrowing, indicating positive impact from policy measures. China orders local governments to curb public-private project risks, while accelerating government bond issuance to address economic challenges.

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