The Hubei Daily (November 3) published an article captioned 'Newly issued 184.8 billion yuan
to ensure the construction of 1,643 key projects——The issuance of special bonds in our
province drives investment of over one trillion yuan'. It said that "On October 28, with the
completion of the ninth batch of new government special bonds of 24.2 billion yuan this year,
our province has successfully completed the annual issuance of 184.8 billion yuan of new
special bonds. The issuance quota increased by 23.3 billion yuan compared with last year,
hitting a record high. The newly added special bond funds have guaranteed the construction of
1,643 key projects in the province, boosted effective investment of more than 1 trillion yuan,
and played a significant role in expanding investment and stabilizing growth. In the second half
of last year, our province began to plan the work of adding special bond projects this year,
establishing a coordinated working mechanism between departments, and strengthening the
reserve of special bond projects. In May of this year, the central government issued the preapproval quota issuance task. In June, in accordance with the requirements of the State Council
that "new special bonds will be issued basically in June", a "green channel" was opened for
project review, 4 issuances were arranged, and the issuance task of the annual new special debt
limit of 160.6 billion yuan was successfully completed. Since then, the State Council has
actively implemented the State Council's policy of stabilizing economic continuity. By October
28, the task of issuing a balance limit of 24.2 billion yuan has been completed. These newly
added special bonds focus on key government investment projects that make up for
shortcomings, benefit people's livelihood, and increase stamina, and they are all invested in the
fields stipulated by the state."
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