China to Promote Swift Use of 1-Trillion-Yuan...
China News
November 6, 2023
These funds originate from additional government bonds, with a focus on central government financing to alleviate the financial burden on local governments. The bonds are scheduled for issuance in the fourth quarter of this year and the resulting capital will be primarily allocated to areas such as flood prevention, disaster relief, enhancing drought response capacity, expediting significant flood-control initiatives and boosting China's grain production.