Exclusive: China plans $75 billion infrastructure fund to revive economy - sources

BEIJING : China will set up a state infrastructure investment fund worth 500 billion yuan to spur infrastructure spending and revive a flagging economy, two people with knowledge of the matter told Reuters on Tuesday.

Much of the economic support has come from fiscal stimulus to counter the impact from COVID-19 this year, with the central bank steadily easing liquidity conditions to lower financing costs. Sources told Reuters that China will issue 2023 advance quota for local government special bonds in the fourth quarter, with the new quota likely bigger than 1.46 trillion yuan for 2022.

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China to set up state infrastructure fund worth $75 billion - sourcesBEIJING : China will set up a state infrastructure investment fund worth 500 billion yuan ($74.69 billion) to spur infrastructure spending and revive a flagging economy, two people with knowledge of the matter told Reuters on Tuesday.China will issue 2023 advance quota for local government special bonds i
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