Dec 08, 2024 (MENAFN via COMTEX) --
(MENAFN - AzerNews) China's top economic planner said Saturday that funds raisedthrough the 1-trillion-yuan (about 139 billion U.S. dollars)ultra-long special treasury bonds this year have all been allocatedto support specific projects and programs, Azernews reports, citing Xinhua.
Among the total, 700 billion yuan was allocated to implementmajor national strategies and build up security capacity in keyareas, while 300 billion yuan was channeled to fund equipmentupgrades and consumer goods trade-ins, according to the NationalDevelopment and Reform Commission (NDRC).
The NDRC listed several projects supported by the funds,including constructing railways, highways and airports along theYangtze River, building high-standard farmlands in northeast China,and the shelterbelt program in northeast, north and northwestChina.
The NDRC has vowed to work with relevant authorities to enhancemonitoring and evaluation, and ensure that construction of theseprojects is launched as soon as possible.
Starting this year and over each of the next several years,China will issue ultra-long special treasury bonds, with 1 trillionyuan set for this year, according to this year's government workreport.
MENAFN07122024000195011045ID1108967368
COMTEX_460605636/2604/2024-12-08T02:46:18
