This Day, That Year

Item from April 25, 1988, in China Daily: Treasury bonds issued by the State were purchased and sold in Shenyang, Liaoning province, Shanghai, Chongqing, Wuhan, Hubei province, Shenzhen, Guangdong province, and Harbin, Heilongjiang province, last week.

Last year, China's total government, corporate and household debt reached 36.1 trillion yuan ($5.23 trillion), up by 54.2 percent year-on-year, according to the People's Bank of China, the country's central bank.

The value of local government bonds hit 6 trillion yuan, up from 3.8 trillion yuan in 2015.