CCTV learned from the National Development and Reform Commission (NDRC) that China will continue to issue ultra-long-term special government bonds in 2025 and further optimize investment, and will continue to maintain a forceful arrangement to support the implementation of major national strategies and the construction of security capabilities in key areas.

So far, the Chinese central government's budgeted investment of RMB700 billion for 2024 has been allocated, and the RMB700 billion of the RMB1 trillion ultra-long-term special national debt earmarked for “dual” construction has also been fully implemented into projects.

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Recently, the NDRC, together with relevant industry units and local governments, has screened and determined two lists of projects worth RMB100 billion each for early implementation, in accordance with the criteria of being in line with investment areas. The lists have been issued according to procedure.

In the next step, China will adamantly promote the acceleration of project commencement and construction, striving to form physical work as soon as possible within the year to provide strong support for economic growth in the fourth quarter.