On November 8th, Minister of Finance Lan Foan introduced at the press conference of the 12th meeting of the Standing Committee of the 14th National People's Congress held on November 8th that starting from 2024, our country will arrange 800 billion yuan from the new local government special project bonds every year for five consecutive years, which is specially used for chemical bonds, and the accumulated replaceable hidden debt is 4 trillion yuan. Coupled with the 6 trillion yuan debt limit app...
On October 29th, at a public forum held by the China Institute of New Urbanization at Tsinghua University, Liu Shijin said that the focus of his previous speech was not "10 trillion", but "in order to stabilize the economy, it is necessary to take short-term stimulus measures." Previously, in response to the downward pressure on our country's economy, Liu Shijin proposed to issue ultra-long-term government bonds to raise funds, and form an economic stimulus scale of no less than 10 trillion with...