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CHINA PRESS
CHINA PRESS: China plans to let infrastructure-back so-called special-purpose
local government bonds be used in public-private partnership (PPP) projects,
China Securities Journal reported on Wednesday citing the Ministry of Finance.
The use of these bonds helps boost insufficient government investment funds,
while PPPs can better manage the spending. Such combination will ease fiscal
pressure, and increase the efficiency of fiscal management, the newspaper said
citing Jiao Xiaoping, director of the China Public Private Partnerships Center.