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The Chinese government should give......>

CHINA PRESS
CHINA PRESS: The Chinese government should give more authority to local
government in the areas of finance and property to boost their appetite for
investment, reports the China Securities Journal. Citing Liu Lifeng, a
researcher at the Institute of Macroeconomic Research at the National
Development and Reform Commission, the report says China should expand
government debt financing channels and explore the issuance of
infrastructure-back special bonds for regional development. Liu also suggests a
resumption in the issuing of central government construction bonds which were
used to fund infrastructure projects from 1998 to 2002. 

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