News Snapshot:
BEIJING, - China intends to accelerate the pace of local government special bond issuance to bolster investment and economic growth, the finance ministry said on Friday, striving to complete the annual quota by the end of November.Policymakers are seeking to support a faltering recovery, as economic growth in the third quarter was the slowest this year, due partly to power shortages and wobbles in the property sector.Chinau0027s local governments issued a net 2.22 trillion yuan ($346.97 billion) in special bonds in the first nine months of 2021, accounting for 61% of the annual quota, Li Dawei, an official at the...
