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China could use up to 700 billion yuan funding from special treasury bonds as capital of infrastructure projects

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China's Ministry of Finance has started issuing special treasury bonds and local governments are recently submitting projects to apply for the funding. According to people from local authorities, up to 700 billion yuan of the total 1 trillion yuan special treasury bonds could be used as capital of infrastructure projects to boost investment and shore up the coronavirus-hit economy.

According to a list of projects submitted by a local government seen by Yuan Talks, it . . .

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