The Ministry of Finance's National Treasury Director Li Xianzhong stated at a press conference that from January to August, local governments issued 29.5 trillion yuan in special bonds for project construction, completing 77.5% of the annual quota for new special bonds, 10.8 percentage points ahead of schedule. Bond funds have cumulatively supported about 20,000 special bond projects, mainly for municipal construction and industrial park infrastructure, social welfare, transportation infrastructure, affordable housing projects, and key construction areas such as agriculture, forestry, and water conservancy.
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