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China Allocates $33.38B for Disaster-Hit Infrastructure
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China has allocated $33.38 billion from sovereign bonds to support infrastructure renovation in disaster-hit areas, part of a plan to issue 1 trillion yuan for disaster prevention infrastructure. The funds will aid over 2,900 projects, including rebuilding and disaster prevention, in regions affected by natural disasters like floods and heat waves.
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How does this allocation reflect China's long-term strategy for disaster prevention and infrastructure development?
How might the allocation of sovereign bonds impact China's economic stability and disaster resilience?
What are the potential implications of China's widening fiscal deficit target for its debt management and economic growth?
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