On December 27th, the General Office of the State Council recently issued the “Opinions on Optimizing and Improving the Management Mechanism of Local Government Special Bonds”, proposing to “expand the scope of special bonds used as project capital”. Sheng Lei, Deputy Director of the Investment Research Institute of the China Academy of Macroeconomics, stated that industries such as low altitude economy and commercial aerospace are important engines for developing new quality productivity, and are also key areas of concern in current domestic policies. By including the infrastructure construction of these industries in special bonds as project capital in a “positive list” manner, it can not only guide local relevant departments to launch more projects in emerging industries, but also improve the efficiency and flexibility of the use of special bonds, and accelerate the release of positive fiscal policy effectiveness. (Securities Daily)
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