The NDRC mentions that "the size of ultra-long special government bond funds will be sharply increased this year to intensify and expand the implementation of two new initiatives". That being a subsidy programme where consumers can trade in old durable goods and buy new ones at a discount, as well as a subsidy programme allowing for businesses to upgrade large-scale equipment.
This builds on the slew of remarks by Beijing from earlier in the day here.
This article was written by Justin Low at www.forexlive.com.
This builds on the slew of remarks by Beijing from earlier in the day here.
This article was written by Justin Low at www.forexlive.com.