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Special Treasury Bond To Boost Economy  - Securities Daily

CHINA PRESS

The recent issue of CNY750 billion in special treasury bonds by the Ministry of Finance was mainly to replace maturing bonds this month, but also boosts the link between fiscal and monetary policy for next year, according to the Securities Daily. The paper said given the current low level of interest rates, the issuance supports counter-cyclical fiscal investment and lessens public deficit pressure. It also plays an important role in boosting the economy next year, showing the Ministry of Finance is "implementing a proactive fiscal policy" put forward by the recent Political Bureau Meeting of the CPC Central Committee.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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