Article 4 The collection and payment handled by domestic non-residents through domestic banks is not necessary to conduct the indirect declaration of international receipts and payments statistics.

境内非居民之间通过境内银行办理的收付款业务无需进行国际收支统计间接申报。

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With municipalities and issuers of infrastructure bonds including schools districts, hospitals and sewage and garbage collection authorities facing diminished tax and revenue receipts and inevitable downgrades, the risks they pose to guarantors could shut them out from low interest rate borrowings.

FORBES: Muni Bond Default Concerns Are Real