The first steel box girder is set up on the main bridge at the construction site of Hongqimen bridge in south China's Guangdong Province, April 10, 2022. (Xinhua/Liu Dawei) BEIJING, April 12 (Xinhua) -- The issuance of local-government special bonds in China has progressed much faster and is more advanced this year than in previous years, an official said Tuesday. The country has allocated all special bond quotas for project construction, Vice Minister of Finance Xu Hongcai told a press conference. By the end of March, the country had front-loaded about 1.25 trillion yuan (about 195.9 billion U.S. dollars) worth of the 2022 bond quota, or 86 percent of the total. According to this year's government work report, the country plans to issue a total of 3.65 trillion yuan of special-purpose bonds for local governments in 2022. Xu also pledged measures including bigger tax and fee cuts and transfer payments in key fields to offset the loss in fiscal revenue brought about by tax refunds. ■ |
Another German politician is attacked as concerns rise over violence ahead of EU elections in JunePanera will stop serving 'Charged Sips' drinks after wrongful death lawsuitsBiden heads to Wisconsin to laud a new Microsoft facility, meet voters — and troll TrumpPakistani security forces kill 6 militants in twin raids in volatile northwest near AfghanistanThe secrets behind Kylie Minogue's ageUK Prime Minister Sunak suffers further blow as another Conservative lawmaker defects to LabourFTX customers to get money back after catastrophic crypto collapseScores of Syrians return home after years at camp housing people linked to the Islamic State groupStudents at the Queen's University Belfast stage sitNoting campus protests, Democrats are preparing for intense action at their summer convention