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, Sept. 29 (Xinhua) — China will introduce a new policy financial instrument worth 500 billion yuan (about 70.3 billion U.S. dollars). This measure is aimed at improving financial services for the real economy and promoting the expansion of effective investment, National Development and Reform Commission (NDRC) spokesperson Li Chao announced at a press conference on Monday.
According to him, these funds will be used to replenish the capital of projects.
The State Committee for Reconstruction and Development is working with relevant parties to quickly allocate funds to specific projects and will encourage local authorities to expedite the construction of facilities, thereby promoting stable and healthy economic growth, he concluded. -0-
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