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China allocates 1t yuan of special bonds quota

Updated: Nov 30,2019 08:43 PM    Xinhua

BEIJING — China has allocated part of next year's special bonds quota worth 1 trillion yuan ($143 billion) 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.

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