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China Allocates Funds for Disaster-Hit Infrastructure
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China allocates $33.38 billion from sovereign bonds for disaster-hit infrastructure, part of a plan to issue $1 trillion for disaster prevention projects. The funds will support over 2,900 projects in regions affected by natural disasters, including rebuilding and subsidizing high-standard farmland.
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How does this allocation reflect China's overall fiscal policy and its approach to natural disaster management?
How might the allocation of funds impact China's economic recovery and infrastructure development?
What are the potential long-term benefits of China's focus on disaster prevention infrastructure?
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