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Beijing grants 1 trillion yuan 2020 special bond quota to local governments in advance to boost investment


China's Ministry of Finance has brought forward 1 trillion yuan ($142.07 billion) of the 2020 local government special-purpose bonds quota to this year as it seeks to boost infrastructure investment to arrest the economy from slowing further.

The allotment amounts to 47 per cent of the special-purpose bond quota for 2019, which was 2.15 trillion yuan, and is within the cap of 60 per cent approved last year by the National People . . .

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