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Ministry of Finance (MOF) urges local...>

CHINA PRESS
CHINA PRESS: Ministry of Finance (MOF) urges local governments to accelerate
their issuing of special government bonds, Shanghai Securities News reported,
citing an MOF statement released after infrastructure investment growth recorded
a fall to 5.7% in Jan-July from 12.4% in Jan-April. 
  - The CNY1.35 trillion in additional special government bonds this year will
be mainly used on targeted poverty alleviation, shantytown renovation and other
projects in progress, the newspaper said, citing Liu Wei, vice minister of the
MOF. 
  - A pick-up in the pace of local government bonds issuance will strengthen
local governments' financing capabilities, expand consumption, and lower
financial risks, said Zhang Yiqun, director of Institute of Fiscal Science of
Jilin Province, according to the newspaper.

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