Free Trial

MNI BRIEF: China To Quicken Project Construction - NDRC

MNI (Singapore)
MNI (Beijing)

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.

While the CNY1 trillion ultra-long-term special treasury bonds announced this year are also under preparation, focusing on support for high-level scientific and technological self-reliance, promoting urban-rural integrated development and improving food and energy securities, according to Liu.

True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.