Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Aug. 1 (Xinhua) — Chinese authorities plan to allocate 69 billion yuan (about 9.65 billion U.S. dollars) in special super-long-term bonds in October to support the trade-in program for consumer goods, the National Development and Reform Commission (NDRC) said at a press conference on Friday.
According to the official of the SCRR Jiang Yi, this volume of securities aimed at implementing the above-mentioned program will be the fourth and last in 2025. Within the framework of the current year, the Ministry of Finance, together with the SCRR, plans to allocate a total of 300 billion yuan for these needs.
China's economy showed strong resilience in the first half of 2025, said Zhou Chen, another NCRR official, adding that domestic demand contributed 68.8 percent to the country's GDP growth in January-June and continued to serve as an important driving force for economic growth.
According to Zhou Chen, in the future, the NCRR will continue to promote the adoption and implementation of a series of measures to stabilize employment and the economy. In addition, the NCRR will strengthen economic monitoring and forecasting, as well as risk prevention to enhance economic security, and will continuously improve the set of policy instruments that promote employment growth and expansion of domestic demand, he noted. -0-
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