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China to expand effective investment

Updated: Mar 05,2021 11:26 AM    Xinhua

BEIJING — China will expand effective investment this year, with a central investment budget of 610 billion yuan (about $94 million), according to a government work report submitted on March 5 to the national legislature for deliberation.

The country will issue special-purpose local government bonds totaling 3.65 trillion yuan this year, and priority will be given to fund projects under construction, the report said.

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