China resumes economic revitalization by pumping $ 45 billion into infrastructure

The Chinese government has announced a new stimulus measure to finance infrastructure projects as part of its efforts to increase investment and increase job opportunities in the second half of questyear as the Chinese economy begins to recover from the effects of the Crown-related closures.

The Chinese government is expected to raise 300 billion yuan, equivalent to approximately 45 billion dollars, to finance infrastructure projects, by selling financial bonds and by relying on other financing instruments.

Beijing recently obtained 800 billion yuan, or 120 billion dollars, from state banks to finance infrastructure projects in the country.

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