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China To Replenish Project Capital Via Financial Bonds-State Council

MNI (Singapore)

China will raise CNY300 billion through the issuance of financial bonds to replenish capital for major projects to expand effective investment to boost employment and consumption, according to a statement on the gov website following the State Council executive meeting chaired by Premier Li Keqiang. The central government will provide appropriate interest discounts for two years, and guide financial institutions to increase financing support, the meeting said. China will kick off a batch of transportation projects including national expressways and inland river transport channels this year, the meeting said.

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