"These measures have played a crucial role in stabilizing market entities, employment and public wellbeing, as well as economic fundamentals," Liu said, adding that the measures may help businesses save an additional more than 2.5 trillion yuan (about 360.23 billion U.S. dollars) throughout the year.
In the face of coronavirus-induced economic challenges, the country decided to issue 3.75 trillion yuan in special local government bonds this year.
Finance authorities will make good use of the special bonds and guard against systemic risks, Liu said.
As an extraordinary measure for an unusual time, the country promised to issue 1 trillion yuan in government bonds for COVID-19 control this year, according to the annual government work report released in May.
As of July 30, all the government bonds for COVID-19 control had been issued, Liu said, while pledging strict supervision over the use of the funds to ensure they will not be withheld or diverted for non-designated uses.
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