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China Accelerates Special Govt Bond Issuance to Spur Growth: Daily

CHINA PRESS
MNI (Singapore)

China urges faster issuances of special local government bonds to help boost investment and drive consumption as the economy faces increasing headwinds, Xinhua News Agency said late Wednesday following a State Council meeting. China has planned a total of CNY3.65 trillion local government special bonds for this year and seeks to have all the allocated amount issued by the end of September, Xinhua said. China will also begin some qualified water conservancy projects, which will lead to CNY800 billion investment this year, Xinhua said citing the government.

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