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The State Development Planning Commission and Ministry of Finance have reached an agreement for China to issue US$17 billion in treasury bonds next year.
Analysts say, the issuance scale, though lower than this year?s US$18 billion, observes China?s guidelines- continued proactive fiscal policy over the next year -which were recently decided at the Central Economic Working Conference.
The funds raised from issuing the treasury bonds will be used in five areas: ensuring capital input and construction for key projects; improving living standard for rural residents and raise their incomes; promoting technology advancements and enterprise technology transformations; accelerating the development of western regions; and go into the ?Land for Grass? project, and maintaining sustainable development.
(china.org.cn by Tang Fuchun December 24, 2002)
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