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MNI BRIEF: China To Quicken Project Construction - NDRC

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China will kickstart CNY1 trillion special Treasury bond projects whilst also urging local governments to speed up the issuance and use of CNY3.9 trillion local special bonds to boost investment, Liu Sushe, deputy director of the National Development and Reform Commission told a press conference Wednesday.

Funds from the additional CNY1 trillion special Treasury bonds announced in 2023 were allocated to about 15,000 projects, with all projects set to start construction by end-June, said Liu.

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China will kickstart CNY1 trillion special Treasury bond projects whilst also urging local governments to speed up the issuance and use of CNY3.9 trillion local special bonds to boost investment, Liu Sushe, deputy director of the National Development and Reform Commission told a press conference Wednesday.

Funds from the additional CNY1 trillion special Treasury bonds announced in 2023 were allocated to about 15,000 projects, with all projects set to start construction by end-June, said Liu.

Keep reading...Show less