China Railway Corp To Issue $45 Billion Worth Of Construction Bonds

China's state planner has approved plans by national operator China Railway Corporation (CRC) to issue 300 billion yuan ($44.91 billion) of bonds, as the country looks to ramp up infrastructure investment to support a slowing economy. Its fundraising comes as Chinese local governments have embarked on a massive new round of off-balance sheet debt financing with the blessings of Beijing, prompting China sceptics to warn of a potentia...