Chinese Premier Li Qiang Emphasizes Strategic Use of Ultra-long Special Treasury Bonds
In a video conference held in Beijing on Monday, Chinese Premier Li Qiang highlighted the critical role of issuing and effectively utilizing ultra-long special treasury bonds to bolster major national strategies and enhance security capabilities in key sectors.
Premier Li underscored that the deployment of these long-term financial instruments is pivotal for advancing China’s modernization efforts, promoting high-quality development, and gaining a competitive edge in global development dynamics. “The issuance of ultra-long special treasury bonds is conducive to seizing the initiative in development,” he stated.
Emphasizing the necessity of robust project management, Li called for the construction of landmark projects that can drive economic growth and innovation. He urged for overcoming entrenched challenges through comprehensive reforms and innovative measures, signaling a commitment to structural improvements within the economy.
“We must make good use of both conventional and unconventional policies,” Li remarked, highlighting the importance of harmonizing fiscal and monetary tools. He advocated for strengthened coordination between these instruments to channel more financial resources into the real economy, thereby stimulating sustainable growth.
Addressing the role of private capital, Premier Li stressed the significance of encouraging private investment in major projects. “More efforts are required to guide private capital to participate in the building of major projects and fully stimulate the vitality of private investment,” he added. This move is expected to invigorate the private sector and foster a more dynamic investment environment.
The Premier’s remarks come at a time when China is seeking to balance its economic ambitions with sustainable development goals. The strategic use of ultra-long special treasury bonds reflects the government’s approach to financing long-term projects that align with national interests and security priorities.
Analysts suggest that the effective implementation of these bonds could play a crucial role in addressing infrastructure needs, supporting technological advancements, and reinforcing China’s position in the global economy. The focus on private investment participation also indicates a push towards a more inclusive economic model that leverages diverse sources of capital.
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Chinese premier stresses good use of ultra-long special treasury bonds
cgtn.com
