The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.
Click on the button below to create your account and get immediate access to thousands of articles.
Local governments told to speed up issuing special bonds
August 15, 2018
Abstract : China's Ministry of Finance on Tuesday ordered local governments to speed up the issuance and use of bonds for designated purposes.
BEIJING, Aug. 15 (Xinhua) -- China's Ministry of Finance on Tuesday ordered local governments to speed up the issuance and use of bonds for designated purposes.
The move aims to make better use of the special bonds to stabilize investment, expand domestic demand and improve weak links, according to a document on the ministry website.
Finance departments at different levels should work with other authorities to speed up the preparation for special bond issuances.
"Provincial level regions should make scientific plans for the bond issuance in August and September in order to accelerate bond issuance," the document said. "By the end of September, new special bonds issued in the first nine months should account for no less than 80 percent of 1.35 trillion yuan (about 197 billion U.S. dollars), this year's quota, as a matter of principle, while the remainder should be issued mainly in October."
The country will continue to implement a proactive fiscal policy and prudent monetary policy, with the fiscal policy playing a bigger role in expanding domestic demand and carrying out structural adjustments, according to a meeting of the Political Bureau of the Communist Party of China Central Committee held last month.
Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.
Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.