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As of September 27, Enterprise Alert statistics show that the amount of new special bonds issued by local governments during the year exceeded 3.36 trillion yuan, and more than 70% of the annual amount of 4.4 trillion yuan had been completed. Under a more active fiscal policy tone, special debt is the core policy tool for stabilizing investment and expanding domestic demand. It provides solid support for the smooth operation of China's economy.
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As of September 27, Enterprise Alert statistics show that the amount of new special bonds issued by local governments during the year exceeded 3.36 trillion yuan, and more than 70% of the annual amount of 4.4 trillion yuan had been completed. Under a more active fiscal policy tone, special debt is the core policy tool for stabilizing investment and expanding domestic demand. It provides solid support for the smooth operation of China's economy.
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