Econ and Finance - 16 Jul 2020

Li exhorts localities to borrow more, spend more

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Premier Li Keqiang had more to say at Wednesday’s State Council meeting (see previous entry).

Specifically, he told local governments to speed up the issuance and use of special purpose bonds (SPB), but that the funds must be used wisely.

According to the meeting read-out:

The funds are st...


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