China issued altogether 16
batches of government bonds for COVID-19 control this year, totaling 1
trillion yuan (about 144.76 billion U.S. dollars), a finance official
said Wednesday.
The bonds included 200 billion
yuan of five-year bonds, 100 billion yuan of seven-year bonds and 700
billion yuan of 10-year bonds, said Wang Xiaolong, director of the
Treasury Department at the Ministry of Finance.
"The funds raised through the
issuance of special bonds have been sent to local governments and are
being put into specific projects," Wang added.
As an extraordinary measure for
an unusual time, China decided to issue 1 trillion yuan in government
bonds for COVID-19 control this year, according to the annual government
work report released in May.
The ministry will step up
supervision over the use of the funds to ensure they are not withheld or
diverted for non-designated uses, Wang said.
Source: Xinhua News Agency |
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