C919 begins high-altitude test flights in Lhasa

A C919 aircraft receives water salute at Lhasa Gonggar International Airport, Xizang autonomous region, on Thursday. [Photo provided to China Daily] China’s domestically developed single-aisle aircraft, the C919, landed at Lhasa, Xizang autonomous region for the first time on Thursday, as the model verifies its adaptability to ultra high-altitude airports and routes. The C919 jet, … Continue reading C919 begins high-altitude test flights in Lhasa

China to issue 55 billion yuan ultra-long special treasury bonds

A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] BEIJING – China will issue this year’s fourth batch of ultra-long special treasury bonds on July 24, the Ministry of Finance said Wednesday. The bonds worth 55 billion yuan ($7.7 billion) will be issued with a … Continue reading China to issue 55 billion yuan ultra-long special treasury bonds

China issues 50-year special treasury bonds worth 35 bln yuan

BEIJING — China on Friday issued another batch of ultra-long special treasury bonds with a total value of 35 billion yuan ($4.92 billion). The 50-year ultra-long special treasury bonds, the first of its kind this year, were issued at the Beijing Stock Exchange with a nominal interest rate of 2.53 percent. Previously, four batches of … Continue reading China issues 50-year special treasury bonds worth 35 bln yuan

What’s special about China’s ultra-long special treasury bonds

BEIJING – With the issuance of the year’s first batch of its 1-trillion-yuan ($141 billion) ultra-long special treasury bonds, China has moved to leverage the rarely-used fiscal policy to consolidate growth momentum from a long-term perspective. As Premier Li Qiang noted, the move aims to support the implementation of major national strategies and build up … Continue reading What’s special about China’s ultra-long special treasury bonds

China issues first batch of ultra-long special treasury bonds

BEIJING – China issued 40 billion yuan ($5.63 billion) of ultra-long special treasury bonds with a term of 30 years on Friday, the first batch of its 1 trillion yuan of such bonds planned for this year. The bonds, with an interest rate of 2.57 percent, will be used to raise funds for implementing major … Continue reading China issues first batch of ultra-long special treasury bonds

China to initiate issuance of ultra-long special treasury bonds

A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] BEIJING – China will issue ultra-long special treasury bonds starting Friday to raise funds for the implementation of major national strategies and build up security capacity in key areas, the Ministry of Finance said Monday. The … Continue reading China to initiate issuance of ultra-long special treasury bonds