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China To Accelerate Investment, Boost Consumption - Journal

CHINA PRESS
MNI (Singapore)

China will strengthen funding to accelerate project construction and promote spending on vehicles, home appliances and furnishing, the China Securities Journal reported citing officials speaking at a Monday briefing. There will also be additional support for the catering and accommodation sectors. The Ministry of Finance will ensure local governments make good use of the additional CNY500 billion of special bonds to fund infrastructure construction in transportation, energy, water conservation and cold chain logistics. The National Development and Reform Commission will accelerate project selection and the release of funds to help kick off construction as soon as possible, the newspaper said citing officials.

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