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flag China issues new rules to direct local government bonds towards essential infrastructure, away from non-essential projects.

flag China's State Council has issued guidelines to improve the management of local government special-purpose bonds, aiming to support economic growth more effectively. flag The new rules restrict bond use for non-essential projects like official buildings and theme parks, instead focusing on infrastructure and services such as health care, elderly care, and child care facilities. flag The move aims to ensure funds are used wisely and efficiently to boost the economy and create jobs.

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