BEIJING: China is accelerating the issuance of special purpose bonds at the local government level to further boost investment, a move that experts see as key to stabilising growth this year amid mounting pressure from home and abroad.
Vice-minister of finance Xu Hongcai said at a news briefing on Tuesday that by the end of March, some 1.25 trillion yuan (US$196bil or RM830bil), or 86% of the 2022 advance quota of 1.46 trillion yuan (RM969bil) for local special purpose bonds, had been issued.
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