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Quickened Bond Sales To Drive Up Investment

CHINA PRESS
MNI (Singapore)

Accelerated government bond sales will drive infrastructure investment growth in H2 but construction progress could still tame the rebound judging by recent high-frequency data such as cement production, Economic Information Daily reported citing Yuan Haixia, executive director at the China Chengxin International Research Institute. Fiscal policy can be further exerted in H2 with a total of CNY6.04 trillion fiscal funds unused, including CNY2.88 trillion of deficit funds, CNY2.41 trillion of local government special bonds and CNY750 billion of ultra-long-term special treasury bonds, said Wen Bin, chief economist at China Minsheng Bank.

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