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Maroc Maroc - WN.COM - Business - 16/Jan 07:57

More localities to have say in bond-funded projects

China is expected to allow more local governments to review and approve projects funded by special-purpose bonds this year, analysts said, as policymakers vow to "halt the decline in investment and promote its recovery" amid a complex external environment. The analysts' comments came after a yearlong pilot program that granted 10 provincial-level regions greater say in fast-tracking their special-purpose bond projects showed initial progress, paving the way for a potential expansion of the initiative to more localities this year. The move also aligns with the decisions made at the Central Economic Work Conference in December, which called for optimizing the management of local government...

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