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Premier Li Calls for Faster Local Bonds Sales to Boost Growth: Xinhua

CHINA PRESS
MNI (Singapore)

China should accelerate the issuance of this year's remaining local government special bonds and set up the issuance quote and distribution plan for next year appropriately, according to a Xinhua News Agency's statement following a Wednesday meeting chaired by Premier Li Keqiang. Local governments should promote the construction of well planned projects and strive to form more substantial work early next year, the meeting said. The central government prohibits the misuse of special bond funds on building renewals and leaving the funds idle, the meeting said.

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