Fresh borrowing by Chinese authorities slowed from a multi-year high in November, helping alleviate concerns it would drain cash from the system to a degree could challenge a bumpy economic recovery.
China’s central and local governments raised a total of 1.95 trillion yuan ($273 billion) through bond sales in November, according to Bloomberg calculations based on official data. That was about a quarter less than the amount raised in
The decline is welcoming news to money-market traders, who in late October were