Group 1 - The fiscal policy plays a crucial role in stabilizing growth amid increasing external uncertainties [1] - In the first half of this year, the issuance of new special bonds reached approximately 2.1607 trillion yuan, a growth of about 44.7% compared to 1.4935 trillion yuan in the same period of 2024 [2] - The government plans to arrange 4.4 trillion yuan in local government special bonds, an increase of 500 billion yuan from the previous year, focusing on investment construction, land acquisition, and settling local government debts [2] Group 2 - The National Development and Reform Commission emphasizes the need to effectively utilize various government investment tools and optimize the direction of central budget investments [4] - Infrastructure investment grew by 5.6% year-on-year from January to May, indicating a strong performance [4] - Analysts expect a further acceleration in the issuance of special bonds in the third quarter, which will serve as a significant support for stabilizing growth [4]
财政靠前发力，上半年专项债发行同比大幅增加超四成
Sou Hu Cai Jing·2025-07-02 01:48