China should and will accelerate the issuance and use of government bonds ...Middle East

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China should and will accelerate the issuance and use of government bonds
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Over the weekend China's new finance minister Lan Foan was cited ass saying China will accelerate the issuance and use of government bonds.The report came via state-run news agency Xinhua.The fin min added:finance ministry will steadily promote the resolution of local government debt risk and increase efforts to better leverage the role of special bonds to boost the economywill continue to implement a proactive fiscal policyfocus on improving efficiencybetter play the effectiveness of fiscal policysome new local government debt quotas for 2024 have been issued in advance to reasonably ensure local financing needsAlos from China, Zhang Bin, deputy director of the Institute of World Economics

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