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China Special Purpose Bonds to Drive CNY2.75 T Infra Funding: Daily

CHINA PRESS
MNI (Singapore)

China is expected to accelerate the sales of local government special-purpose bonds in H2, resulting in CNY2.75 trillion total investment in infrastructure, the Economic Information Daily said in a front-page report. The local government bonds will stimulate the economy while the transportation and industrial parks that they funded will improve productivity and reduce costs, the newspaper said citing Luo Zhiheng, the chief macro analyst of Yuekai Securities. Manufacturing investment is also expected to increase due to higher costs of industrial products and credit support, the newspaper said citing Zheshang Securities.

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