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BEIJING (MNI) - China has pre-allocated CNY1 trillion of next year's
special-purpose bond quotas to local governments, the Ministry of Finance said
on its website Wednesday, confirming what has largely been known to the market.
Local governments should now ensure that these bonds have an impact
boosting the economy as 2020 gets underway, the ministry said.
While the ministry didn't say what the sum of special-purpose bonds may be
next year, the quotas for 2019 totalled CNY 2.15 trillion.
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