National Development And Reform Commission: As Of The End Of August, Investment Within The Central Budget Has Basically Been Issued

Cong Liang, deputy director of the National Development and Reform Commission, introduced at the State Council’s regular policy briefing today that as of the end of August, investment within the central budget had basically been issued. Newly issued local government special bonds accounted for about 80% of the annual quota. The increase in base money supply, the continued expansion of total credit, and the reduction of deposit and loan market interest rates effectively maintained reasonable and sufficient liquidity and promoted the continued recovery of both supply and demand.