On January 8, Ningbo issued 25.372 billion yuan of local bonds. Previously, on January 5, Shandong issued 72.381 billion yuan of local bonds, making it the first province to issue local bonds this year. “At the beginning of the 15th Five-Year Plan, the project reserves were sufficient, and the early issuance of local bonds helped achieve early payment and early results.” Liu Rong, a professor at the School of Finance and Taxation at Southwest University of Finance and Economics, said in an interview with reporters that the newly disclosed special bonds focus on new infrastructure, urban renewal, etc., which are conducive to expanding effective investment, boosting domestic demand, leveraging private investment with government investment, consolidating the positive economic recovery trend, and helping the economy get off to a smooth start in the first quarter.

On January 8, Ningbo issued 25.372 billion yuan of local bonds. Previously, on January 5, Shandong issued 72.381 billion yuan of local bonds, making it the first province to issue local bonds this year. “At the beginning of the 15th Five-Year Plan, the project reserves were sufficient, and the early issuance of local bonds helped achieve early payment and early results.” Liu Rong, a professor at the School of Finance and Taxation at Southwest University of Finance and Economics, said in an interview with reporters that the newly disclosed special bonds focus on new infrastructure, urban renewal, etc., which are conducive to expanding effective investment, boosting domestic demand, leveraging private investment with government investment, consolidating the positive economic recovery trend, and helping the economy get off to a smooth start in the first quarter.