Financials Aug 03, 2021 06:49 AM (GMT+8) · EqualOcean
Data show that in the first seven months of this year, the country issued about 1883.3 billion yuan of new local government bonds, which was significantly slower than that in the previous two years. Many researchers said that the planned issuance scale of local bonds in August has exceeded trillion yuan, the issuance rhythm is likely to be accelerated, and the amount of new local bonds will probably be used up within the year. The special debt is expected to drive about 2.75 trillion yuan of funds to invest in the field of infrastructure, boost the growth rate of infrastructure investment, so as to escort the economic growth at the end of this year and the beginning of next year.

This text is a result of machine translation.