CHINA PRESS: Accelerate Issuance Of Special Bonds - Yicai

China should speed up the issuance of local government special bonds in Q3 and Q4 to stabilise the macro economy, according to experts interviewed by Yicai. The news agency said the economy has began to show weakness and experts advised fiscal policy should be stepped up to improve efficiency and increase overall workload. Local governments will issue all CNY3.8 trillion of special bonds by the end of Q3, with major projects to receive funding, including municipal administration, industrial parks, transportation, and shantytown renovation, experts said. (Source: Yicai)