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Special Chinese Government Bonds........>

CHINA PRESS
CHINA PRESS: Special Chinese Government Bonds (CGBs) should be used largely for
investment in specific projects with certain income which would also help drive
the post-epidemic recovery, the 21st Century Business Herald reported. Citing
Feng Qiaobin, deputy director of macroeconomic research at the Development
Research Centre of the State Council, the Herald's report said that because CGBs
are not included in the deficit, they are required to link to corresponding
assets. An increase in the deficit-to-GDP ratio should be used to increase
payment transfers to local governments, subsidize consumption and stabilise
employment, Feng said. 

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