China's plan to issue ultra long-term special government bonds starting from 2024 and over the coming few years will help shore up the investment and consumption at the moment and lay
The funds raised through these bonds will mainly support areas such as scientific and technological innovation, integrated urban-rural development, coordinated regional development, food and energy security, and high-quality development of the population, Zheng Shanjie, head of the National Development and Reform Commission (NDRC), told a press conference held on the sidelines of the ongoing session of the national legislature.
Zheng said that the NDRC is working closely with relevant parties to formulate a specific action plan on the issuance of the bonds, which will be implemented after approval.
