China's Anhui plans $5 billion debt swap through new government scheme: Xinhua

``China's Anhui province plans to swap 32.2 billion yuan ($5.22 billion) through Beijing's new debt swap scheme to allow local governments to convert high interest debt to lower interest bonds, state news agency Xinhua said on Saturday. Anhui would be amongst the first regions approved to use of the 1 trillion yuan scheme, designed to help ease the massive debt burden on local governments without crippling the broader economy.''