The government of China's Inner Mongolia autonomous region plans to issue 66.3 billion yuan ($9 billion) of refinancing bonds Oct. 9 to pay off debts owed to businesses, authorities said Monday. It will be the first borrowing by a local government to make overdue payments to private businesses in response to a State Council directive Sept. 20. China's cabinet ordered state-owned enterprises (SOEs) and provincial-level governments to pay their debts to businesses.

https://www.caixinglobal.com/2023-09-28/chinas-inner-mongolia-to-borrow-9-billion-to-pay-bills-owed-to-businesses-102113047.html

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