New Local Government Bonds Issued Across China Have Exceeded 1.4 Trillion Yuan

Song Qiuling, a first-level inspector of the Department of Economic Construction of the Ministry of Finance of the People’s Republic of China, said at the press conference of the Joint Prevention and Control Mechanism of the State Council on the 21st that as of yesterday, new local government bonds issued across the country had reached 147.9 billion yuan, accounting for 76% of the quota issued in advance Among them, 388.6 billion yuan were general bonds and 102.33 billion yuan were special bonds, all of which were used for infrastructure construction.