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China to Quicken Bond Sales, Expand Fiscal Spending: News

CHINA PRESS
MNI (Singapore)

China is likely to accelerate the sales of local government special bonds and increase fiscal spending to stabilize the growth in H2, while reserving some quotas for use in December to help Q1 growth, the Shanghai Securities News reported citing analysts. The PBOC will moderately inject long-term funds to support infrastructure investment, especially providing precise support to SMEs, agriculture and manufacturing sectors, the newspaper said. Meanwhile, short-term and long-term measures to promote employment are important for an internal demand-driven economy, the newspaper said citing Guan Tao, the global chief economist of BOC Securities.

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