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Local Governments Get 2020 Bond Quotas Early to Drive Investment

2019年11月27日 20:55 来源于 财新网
Ministry of Finance announces advance allocation of 1 trillion yuan to speed up infrastructure spending
A power transmission project in Foshan, Guangdong province on Nov, 7. Photo VCG

China’s Ministry of Finance said it has made an early allocation of 2020 special-purpose bond (SPB) quotas totalling 1 trillion yuan ($142.4 billion) to provincial-level governments as policymakers step up efforts to support flagging economic growth by encouraging investment in infrastructure such as roads, sewers and public services.

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