Home
Letters to Editor
Domestic
World
Business & Trade
Culture & Science
Travel
Society
Government
Opinions
Policy Making in Depth
People
Investment
Life
Books/Reviews
News of This Week
Learning Chinese
More T-Bonds Issued to Stimulate Economy

China's lawmakers Tuesday began to examine a draft proposal submitted by the State Council for the issuance of another 50 billion yuan of long-term treasury bonds during the latter half of the year.

Finance Minister Xiang Huaicheng elaborated on the draft proposal to the on-going 17th meeting of the Standing Committee of the Ninth National People's Congress.

He said that the pro-active financial policy, adopted in 1998, should be continued to inject investment into infrastructure in a bid to push domestic demand.

The additional issuance of T-bond will be mainly used to support the development in China's central and western areas, the minister said.

Early this year, China decided to issue 100 billion yuan of long-term T-bonds to improve infrastructure projects. China has issued 210 billion yuan of long-term T-bonds over the past two years.

(People’s Daily)


Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68996214/15/16