Proactive fiscal policies boon for investors

BEIJING: China’s proactive fiscal policies have been effective so far, going by the positive results generated by expedited issuance of local government bonds, which has boosted investment in infrastructure and could underpin growth for the year, according to experts.

Data from the Finance Ministry showed that in the first two months of this year, local government bonds worth some 1.2 trillion yuan (US$189.4bil or RM794.17bil) have been issued, including newly issued local government bonds worth 1.07 trillion yuan (RM708.14bil).