In a pivotal move to accelerate national growth, Chinese Premier Li Qiang emphasized the strategic issuance of ultra-long special treasury bonds during a recent video conference in Beijing.
Premier Li outlined how these bonds are essential for supporting major national strategies and enhancing security capacity in key areas. By leveraging ultra-long bonds, China aims to advance its modernization efforts and promote high-quality, sustainable development.
\"The issuance of ultra-long special treasury bonds is conducive to advancing Chinese modernization, promoting high-quality development and seizing the initiative in development,\" Li stated, highlighting the importance of these financial instruments in driving the country’s economic agenda.
He also stressed the need for strengthened project management and the development of landmark projects. Overcoming deep-rooted obstacles through reforms and innovative measures is crucial for achieving these goals.
Premier Li called for a balanced use of both conventional and unconventional policies, enhancing coordination between fiscal and monetary tools to channel more financial resources into the real economy.
Furthermore, he underscored the importance of guiding private capital to participate in major projects, aiming to fully unleash the potential of private investment and invigorate the economy.
Reference(s):
Chinese premier stresses good use of ultra-long special treasury bonds
cgtn.com
