China to Issue Another 50 Billion Yuan of T-bondsChina's lawmakers today began to examine a draft proposal submitted by the State Council for the issuance of another 50 billion yuan of long-term treasure bonds during the latter half of the year.Finance Minister Xiang Huaicheng elaborated on the draft proposal to the on-going 17th meeting of the Standing Committee of the Ninth National People's Congress. He said that the pro-active financial policy, adopted in 1998, should be continued to inject investment into infrastructure in a bid to push domestic demand. The additional issuance of T-bond will be mainly used to support the development in China's central and western areas, the minister said. Early this year, China decided to issue 100 billion yuan of long-term T-bonds to improve infrastructure projects. China has issued 210 billion yuan of long-term T-bonds over the past two years. |
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