An investor asked Jidong Cement on the interactive platform: I would like to ask Secretary Dong that the central government issued 1 trillion special treasury bonds last year for post-disaster recovery and reconstruction to support key flood control projects in North China, Haihe River Basin, Songhua River Basin and other northern regions with Beijing, Tianjin and Hebei as the focus. Will these projects be started this year? What is the demand for your cement and aggregate products?
On January 17, Jidong Cement replied that the central government would issue 1 trillion yuan of treasury bonds in 2023 to support post-disaster recovery and reconstruction and make up for the shortcomings of disaster prevention, mitigation and relief. Jidong Cement has been actively participating in the reconstruction of relevant disaster-stricken areas, and the issuance of 1 trillion yuan of treasury bonds will improve the demand for cement and aggregate in relevant areas. However, it will take some time from the policy landing to the construction of infrastructure projects.
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