Authorities have successfully issued all of the CNY1 trillion yuan of additional government bonds announced last year to assist disaster recovery, according to Lou Qinjian, spokesperson for the 14th National People's Congress.

Lou said this year, authorities will strengthen project and fund management across 15,000 different projects to ensure the bonds are used well.

The central government could issue CNY1 trillion in special treasuries later this year given the expected GDP growth target, an advisor recently told MNI. (See MNI: High Local Targets Hint At Further China Gov. Leverage)