This year, we plan to issue 1.3 trillion yuan of ultra-long-term special treasury bonds!

14th National People's Congress opened in Great Hall of People on the morning of May 5. Xi Jinping and other party and state leaders attended the opening meeting. Premier Li Qiang of the State Council delivered a Report on the Work of the Government to the meeting.

The Report on the Work of the Government proposes

to implement a more proactive fiscal policy and plan to issue 1.3 trillion yuan of ultra-long-term special treasury bonds.

We will implement a moderately loose monetary policy, reduce registration and cut interest rate in a timely manner, maintain sufficient liquidity, and make greater efforts to promote the healthy development of the real estate market and the stock market. A total of 300 billion yuan of ultra-long-term special treasury bonds were

arranged to support the replacement of old consumer goods with new ones. Implement and optimize the vacation system and release the consumption potential.