Tue, 20 Apr 2021

China to expand effective investment

05 Mar 2021, 11:44 GMT+10

© Provided by Xinhua

BEIJING, March 5 (Xinhua) -- China will expand effective investment this year, with a central investment budget of 610 billion yuan (about 94 billion U.S. dollars), according to a government work report submitted Friday to the national legislature for deliberation.

The country will issue special-purpose local government bonds totaling 3.65 trillion yuan this year, and priority will be given to fund projects under construction, the report said.

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