Local governments in China are rushing to plan infrastructure projects to be funded by sovereign debt issuance worth 1 trillion yuan ($137 billion) that last week was approved by the country's top legislative body to support disaster relief and construction.
Caixin
Chinese local governments rush to launch infrastructure projects
Authorities are eager to utilize a $137bn sovereign bond for disaster relief
The Hebei Provincial Transportation Department held a video meeting on Oct. 30 to push forward disaster relief and construction projects.
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