The first steel box girder is set up on the main bridge at the construction site of Hongqimen bridge in south China's Guangdong Province, April 10, 2022. (Xinhua/Liu Dawei)
BEIJING, April 12 (Xinhua) -- The issuance of local-government special bonds in China has progressed much faster and is more advanced this year than in previous years, an official said Tuesday.
The country has allocated all special bond quotas for project construction, Vice Minister of Finance Xu Hongcai told a press conference.
By the end of March, the country had front-loaded about 1.25 trillion yuan (about 195.9 billion U.S. dollars) worth of the 2022 bond quota, or 86 percent of the total.
According to this year's government work report, the country plans to issue a total of 3.65 trillion yuan of special-purpose bonds for local governments in 2022.
Xu also pledged measures including bigger tax and fee cuts and transfer payments in key fields to offset the loss in fiscal revenue brought about by tax refunds. ■
Related articles:
Related suggestion:
F1 paddock watches to see if Verstappen leaves Red Bull with car builder or if Hamilton lands NeweyIncredible moment paddleboarder has very close encounter with pod of curious orcas off Alaska coastMary J. Blige enlists Taraji P. Henson, Marsai Martin and more for women's summit in New YorkBarry Keoghan enjoys the spoils of his superstardom by watch shopping on Bond StreetAlabama court authorizes second nitrogen executionIgor Shesterkin has the Rangers looking like a Stanley Cup contender. He says he can be betterDefense chiefs from US, Australia, Japan and Philippines vow to deepen cooperationRita Ora shows off her glamorous sense of style in a black cape as she steps out in New YorkUSWNT legend Carli Lloyd reveals she is expecting her first child at age 41For decades, Moscow has sought to silence its critics abroad
3.1905s , 6500.21875 kb
Copyright © 2024 Powered by China accelerates issuance of local ,Global Guide news portal