SMM Steel Market Morning News: Boosting Economic Stability at the Begi

Published: Dec 27, 2023 08:40

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SMM Steel Market Morning News: Boosting Economic Stability at the Beginning of 2024, Local Government Bonds Ready to Go. December 27th: In order to stabilize the economy and promote investment, many regions have begun preparing for new bond issuances in the coming year. According to data from the China Bond Information Network, recent announcements from Hebei, Shanxi, Hainan, Jiangsu, and other regions indicate that the issuance of local government bonds in the first quarter of 2024 is expected to exceed 220 billion yuan. Zhang Yiqun, Deputy Director of the China Finance Budget Performance Committee, stated that the initiation of local government bond issuance plans for 2024 indicates that fiscal policies for the year are likely to be implemented in advance, and significant projects and infrastructure construction will remain important drivers for stable growth. It is expected that local government bond issuances will increase moderately in the first three quarters of 2024, while maintaining overall balance for the entire year.

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