Tweet
Chinese bond auction falls short
China's finance ministry has failed to sell all 28bn yuan ($4.1bn; £2.55bn) of one-year government bonds it offered at an auction.
It is the first under-subscribed government bond auction since 2003.
The ministry sold a total of 27.52 billion yuan of the bonds, which offered a yield to investors of 1.06%.
It comes as the government looks to tighten its monetary policy to prevent the risk of asset bubbles, loan defaults and rapid inflation.
Meanwhile, the Chinese city of Hangzhou has started tightening mortgage lending terms, ahead of any changes to monetary and credit policies by the national government.
...
http://news.bbc.co.uk/2/hi/business/8139902.stm
looks like everybody has the same problems