China is Preparing Support Package for Local Government!

China, which suffered great economic losses with the coronavirus epidemic, is preparing a support package for the local government. China has decided to keep the billion dollar measures it took before in a broader framework. The government is preparing for a new $ 190 billion package to support local government. The China Ministry of Finance has begun work to prepare 1 trillion 260 billion yuan (about $ 190 billion) of packages to support local government. According to the news compiled by Jingji from local sources, local governments and local economies will be supported through the support package prepared within the Ministry of Finance of China. China, which was economically distressed during the epidemic process, prepared and implemented a support package of 3.75 trillion yuan for local governments at the end of May. At the recent National People's Congress meeting in the country, it also decided to issue “special treasury bonds” against the pressure of the coronavirus epidemic on the country's economy. This was also recorded at the National People's Congress in China since 2007, as the first decision of this nature.