© Reuters. A woman walks in the Central Business District on a hazy morning in Beijing, China, October 25, 2021. REUTERS/Thomas Peter/File PhotoBEIJING, China - China will accelerate the issuance and use of government bonds, state-run news agency Xinhua reported on Sunday citing an interview with new finance minister Lan Foan.
Some new local government debt quotas for 2024 have been issued in advance to reasonably ensure local financing needs, he said. His appointment comes as the central government draws on a well-used playbook that relies heavily on debt and state spending but that analysts said falls short on deeper reform.
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