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China to set a $75 billion infrastructure fund to revive the economy
Posted on July 18, 2022 |
- China's economy has been on a slow recovery due to extensive lockdowns since the second quarter.
- China unveiled a lot of economic support measures in recent weeks, although the official gross domestic product target of 5.5% for this year will be hard to achieve without doing away with it.
- China will issue a 2023 advance quota for local government special bonds in Q4, which will likely be bigger than 1.46 trillion yuan for 2022.
Image: Reuters