Special national bonds to be issued for the development of western regions

The financial minister Xiang Huaicheng said the country should reinforce the development of infrastructure by supporting large-scale development of the west, launching active financial policies and issuing developing national bonds RMB100 bln, of which RMB 60 bln is central government budget, the rest RMB 40 bln is on behalf of local government.Additional RMB50 bln special national bonds will be raised to support development projects of the west including transportation of gas and electricity from the west to the east, transportation of water from the south to the north, building railway from Qinghai to Tibet and ecosystem.

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