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China to ensure relief funds reach local levels

CGTN, 12 Jun 2020
China's finance ministry said on Friday that it will ensure that additional relief funds directly reach the county level to support the real economy in the fight against the coronavirus pandemic. The central government raised two trillion yuan in relief funds through special treasury bonds and an increased budget deficit. The funds will be transferred directly to county-level governments based on a distribution plan drafted by the central and provincial governments.

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