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Last updated at: (Beijing Time) Monday, April 08, 2002

150Bn Yuan Long-term Construction T-Bond Investment Plan Mapped

Involving a total of 150bn yuan of T-bonds, the investment as planned is to be concentrated on construction projects to be completed this year and projects to be launched in China's west.


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T-bond issued for funding projects
Involving a total of 150bn yuan of T-bonds, the investment as planned is to be concentrated on construction projects to be completed this year and projects to be launched in China's west.

To be specific, reinforcing river banks of the Yangtze, protection of natural forest resources, returning arable land to forests, ecology and water conservancy projects are to use 38 billion; transportation, energy and infrastructure construction as of Qinghai-Tibet Railway, highways accessing prefecture and county seats, road construction in underdeveloped counties and transformation of rural power grids 46 billion; environment protection, infrastructure construction in cities and construction of grain depots 17 billion; technical development and upgrading industrial production 17 billion; education, public health, tourism, judicial and public security facilities 13 billion; new western projects over 18 billion. T-bond investment for projects in the west is to be as much as over 40 percent.

Funded projects will further nurture financial resources
According to reliable sources from the State Planning Commission, the investments as schemed will give a boost to the issuance of bank loans and investment from various quarters. This will be in an effective way to ensure the good momentum of a growth of investment in fixed assets and a speedy stable growth of the Chinese economy as a whole.

Meanwhile, when these projects should come to be completed they will further nurture financial resources and bring more job opportunities. T-bond investment construction will also further improve the basic conditions of production and the life of the broad masses of people in China.



By People's Daily Online

T-Bond Investment Benefits Country and People
The following is the full text of People's Daily Commentator's article published on the front page of the newspaper on February 20.

Issuing additional long-term treasury bonds (T-bonds) to increase investment in infrastructure construction is a major economic policy decision of the CPC Central Committee and the State Council, which has been in force for four years. Over the past four years and more, various regions and departments have been making concerted efforts and working hard, through organizing T-bond investment, they have not only established a large batch of major infrastructure projects, but have also effectively expanded effective domestic demands and promoted economic development. Full Coverage





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