China is set to expand effective investment by leveraging various government investment instruments and enhancing synergy between fiscal and financial policies. This initiative aims to support national development strategies and meet the needs of the people, according to a government work report.
Chinese Premier Li Qiang presented the work report on behalf of the State Council at the opening meeting of the third session of the 14th National People's Congress in Beijing.
The central government has earmarked 735 billion yuan (approximately $100 billion) in the central budget for investment this year. The report also highlighted plans to utilize ultra-long special treasury bonds effectively and increase ultra-long-term loans and other types of financing support.
