China seeks to spur growth by giving local officials bond leeway

The State Council guidelines also allowed the bonds to make up a greater proportion of a project’s overall investment when used as equity capital. More areas including information technology, elderly care and childcare are eligible for investment. The State Council guidelines also allowed the bonds to make up a greater proportion of a project’s overall investment when used as equity capital. More areas including information technology, elderly care and childcare are eligible for investment.  Economic Times

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