The State Council allowed local governments to issue an additional 500 billion yuan of local government bonds in the fourth quarter. According to official information, it was discovered that as of December 10, at least 18 provinces and cities had recently adjusted their budgets. According to public information from local finance departments and others, out of the latest batch of local government debt of 500 billion yuan mentioned above, Jiangsu, Zhejiang, Sichuan, Shenzhen, Qingdao, Xinjiang, and Jilin have received 53.5 billion yuan, 43.3 billion yuan, 28.2 billion yuan, 18.2 billion yuan, 7.5 billion yuan, 6.7 billion yuan, and 4.3 billion yuan respectively. In other words, up to now, Jiangsu has received the most amount, accounting for slightly more than 10% of the total amount of 500 billion yuan.

The State Council allowed local governments to issue an additional 500 billion yuan of local government bonds in the fourth quarter. According to official information, it was discovered that as of December 10, at least 18 provinces and cities had recently adjusted their budgets. According to public information from local finance departments and others, out of the latest batch of local government debt of 500 billion yuan mentioned above, Jiangsu, Zhejiang, Sichuan, Shenzhen, Qingdao, Xinjiang, and Jilin have received 53.5 billion yuan, 43.3 billion yuan, 28.2 billion yuan, 18.2 billion yuan, 7.5 billion yuan, 6.7 billion yuan, and 4.3 billion yuan respectively. In other words, up to now, Jiangsu has received the most amount, accounting for slightly more than 10% of the total amount of 500 billion yuan.