China Issues 2.07 Trillion Yuan in Special Bonds Through July 3, On Track for Faster Q3 Pace

According to China Securities Journal, as of July 3, China had issued 2.07 trillion yuan in new special bonds this year, completing 47% of the annual target. June saw 571.6 billion yuan in issuances, marking the highest monthly volume to date. Experts expect the issuance pace to accelerate in the coming months, with funds likely directed toward infrastructure in transportation, energy, and water conservation sectors to support full-year economic growth targets.
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