China adds 200 billion yuan bond quota to support local investment

China has allocated 200 billion yuan (HK$218.54 billion) in local government special bond quotas to support investment in some provinces, state planner spokesperson Li Chao said on Friday.

This move is part of a broader 500 billion yuan fund aimed at replenishing local finances.

"We are confident and capable of achieving the full-year economic growth and social development targets," Li said, adding the government will roll out policy measures in a timely manner as the situation demands.
REUTERS