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MNI BRIEF: China To Accelerate Investment - NDRC Officials

China will bring forward its 2025 budget to stimulate infrastructure spending.
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MNI (BEIJING) - China will bring forward next year’s central government budget investment of CNY100 billion to accelerate infrastructure spending and continue to issue ultra long-term special treasury bonds in 2025 to support major projects, Zheng Shanjie, director of National Development and Reform Commission told reporters Tuesday.

The CNY1 trillion ultra long-term special treasuries this year have all been allocated to projects and localities, Zheng added. While Liu Sushe, deputy director at NDRC said it will urge local governments to complete the issuance of the remaining CNY290 billion of special bonds by end of October.

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MNI (BEIJING) - China will bring forward next year’s central government budget investment of CNY100 billion to accelerate infrastructure spending and continue to issue ultra long-term special treasury bonds in 2025 to support major projects, Zheng Shanjie, director of National Development and Reform Commission told reporters Tuesday.

The CNY1 trillion ultra long-term special treasuries this year have all been allocated to projects and localities, Zheng added. While Liu Sushe, deputy director at NDRC said it will urge local governments to complete the issuance of the remaining CNY290 billion of special bonds by end of October.

Keep reading...Show less