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China Should Accelerate Construction Ahead Of Winter - Daily

CHINA PRESS
MNI (Singapore)

China should continue to speed up the use of infrastructure-back local government special bonds and quicken construction work before the weather turns cold, the Securities Daily reported citing analysts. The use of special bonds should also be expanded to fund a wider range of projects and next year’s special bond quota should be front-loaded to provide support for steady growth early next year, analysts were cited as saying. Infrastructure investment is expected to grow about 10% y/y this year, playing a driving role in stabilising economic growth, with a total CNY3.69 trillion of special bonds being issued as of October 23, the newspaper said.

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