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CN Plans New Arrangement for Ultra-long-term Special Govt Bonds for Financial Expenditure: Report
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To expand domestic demand and stabilize the economy, China has already issued trillion-level ultra-long-term special government bonds for two straight years, according to a report from China Business Network. This year, it plans to issue RMB1.3 trillion ultra-long-term special government bonds for expanded purposes. The report highlighted the notice released by the Ministry of Finance on the revision of the government's revenue and expenditure classification subjects for 2026. A subject "expenditure arrangement for ultra-long-term special government bonds" has been added to the functional classification of government fund budget expenditure, reflecting the use of revenue from those bonds arranged for financial expenditure. AAStocks Financial News |
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