Editor in Chief: Moh. Reza Huwaida Sunday, December 8th, 2019

China Allocates 1 Trillion Yuan of Special Bonds Quota

China Allocates 1 Trillion Yuan of Special Bonds Quota

BEIJING - China has allocated part of next year's special bonds quota worth 1 trillion yuan (about 143 billion U.S. dollars) in an effort to spur effective investment for shoring up weak areas and expanding domestic demand, according to the Ministry of Finance.
The figure accounts for 47 percent of new special bonds quota in 2019, said the ministry.
It has urged local authorities to speed up issuance and use of the bonds to effectively stimulate the economic development. (Xinhua)