BEIJING: China’s top economic planner said Saturday that funds raised this year from the 1 billion yuan (about 139 billion U.S. dollars) ultra-long-term special treasury bonds have all been allocated to support specific projects and programs. .
Of this, 700 billion yuan was allocated to implementing major national strategies and strengthening security capabilities in key areas, while 300 billion yuan was allocated to financing the upgrading of equipment and trade in consumer goods, according to the National Development and Reform Commission (NDRC). ).
The NDRC listed several projects supported by these funds, including the construction of railways, highways and airports along the Yangtze River, the construction of high-quality agricultural land in northeast China and the windbreaks in the northeast, north and northwest of China.
The NDRC is committed to working with relevant authorities to improve monitoring and evaluation and ensure that construction of these projects is initiated as soon as possible.
Starting this year and in each of the coming years, China will issue special ultra-long-term treasury bonds, with an amount of 1 trillion yuan planned for this year, according to the government work report of this year.
