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Beijing's new policy to allow local.....>

CHINA PRESS
CHINA PRESS: Beijing's new policy to allow local governments to use proceeds
from special bonds as capital for key infrastructure projects will leverage
about CNY700 billion of funds, said Securities Daily on Wednesday citing Guo
Xiaobei, analyst at Mingsheng Bank. The policy will send a positive signal to
the financial market, and is conducive to economic growth and corporate
performance, the newspaper said. The major factor restricting infrastructure
investment is a lack of funding, and the latest policies addressed this issue,
Guo said. 

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