China to front-load more quota of special-purpose bonds to boost investment

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Chinese policymakers pledge to front-load more quota of local government special-purpose bonds to boost domestic investment as overseas demand is hammered by the coronavirus pandemic.

The State Council, the country's cabinet, said that it will allow local governments to issue more special-purpose bonds this year and will front-load more quota of such bonds to boost investment, according to a statement released after a policy meeting on Tuesday.

The cabinet said it will allocate the bond quota to local governments based on importance and risks of their projects. It urged local . . .

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