John At The Center

“This alternative source of funding is healthy – Beijing may have realized the risk that local governments borrowed too much from banks last year,” said Mark Williams, an economist at Capital Economics in London who worked at the U.K. Treasury as an adviser on China from 2005 to 2007, in a telephone interview.

via China Plans to Sell $29 Billion of Yuan Debt in 2010, Wen Says – BusinessWeek.