Treasure Bonds Pushed Economic GrowthA leading official with the State Development Planning Commission lately revealed that 150 billion yuan of T-bonds by China last year has been in the way to push a 1.7% economic growth in China.The official further told that 360 billion yuan of long-term construction T-bonds issued in the past three years have directly led to a 750-billion-yuan supporting investment of local governments, departments and enterprises and loans provided by banks, thereby giving a strong push to China's economy. Statistics show that investment in T-bonds in 1998 had propelled a 1.5% growth of economy and against this was a 2% rise in China in 1999. By PD Online Staff Deng Gang |
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