China will strengthen the use and management of special local government bonds
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China will implement proactive fiscal policy next year and step up efforts to resolve existing hidden debt, according to a Friday statement of the national fiscal work conference for 2024, held in Beijing on Thursday and Friday.
China will strengthen the use and management of special local government bonds and use the funds from the new sovereign bonds well, said the statement. (Reporting by Ellen Zhang and Kevin Yao; Editing by Toby Chopra)
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