Among the allowances, state policy banks were given an additional 300 billion yuan ($44 billion) focused mainly on financing infrastructure projects. Tight rules were announced alongside the measures that require the projects to be profit-making and targeted.
Local governments were given the green light to use more than 500 billion yuan ($73 billion) of existing special bond quotas and were promised reduced financing costs through interest-rate changes.
Amid an energy crisis sparked by severe droughts and heat waves, the cabinet said central-government-run electricity firms will be allowed to sell 200 billion yuan ($29 billion) in special debt to ensure adequate energy supply.
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
Happened as dated, per the pin description: "…ng infrastructure projects. Tight rules were announced alongside the measures that require the proje…"
Daily Maverick, republishing the same Bloomberg[3] report a day later (25 August 2022), confirms the 300 billion yuan infrastructure-bank allowance and 500 billion yuan in local-government bond quota described in the pin, one day after the pin's stored date.
Bloomberg's own headline, "China Adds 1 Trillion Yuan More of Stimulus to Rescue Growth," published 24 August 2022, matches the pin's stored date exactly, though the article itself returned a 403 error and could not be retrieved.
Something missing or wrong? Say it in your own words: a link that backs this pin up, a different start or end date and why, or a fact it lacks or gets wrong. The AI checks it against this pin's sources, searches for better ones, and adds any page that backs you up. The pin's own sources still count most.
Some context pic.twitter.com/t9eaGpfuuv
— Alexander Stahel ???? (@BurggrabenH) April 24, 2023
Now, that doesn’t mean that they will invade in 2027, but certainly implies a significant milestone.