{"id":131437,"date":"2025-06-20T01:00:10","date_gmt":"2025-06-20T01:00:10","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=131437"},"modified":"2025-06-20T01:00:10","modified_gmt":"2025-06-20T01:00:10","slug":"word-is-bonds-chinas-provinces-use-special-purpose-funds-to-pay-debts","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=131437","title":{"rendered":"Word is bonds: China\u2019s provinces use special-purpose funds to pay debts"},"content":{"rendered":"<p>Source: China &#8211; South China Morning PostHunan has become the first province in China to use the proceeds of special-purpose bonds to guarantee government payments to enterprises, with 20 billion yuan (US$2.78 billion) allocated for this year.<br \/>\nThe inland province made the adjustment to its annual fiscal budget last month, marking the first time the bonds \u2013 typically earmarked for revenue-generating construction projects \u2013 will be used to cover government arrears.<br \/>\nProceeds will be distributed based on eligible outstanding debts from&#8230;<a href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3315075\/word-bonds-chinas-provinces-use-special-purpose-funds-pay-debts?utm_source=rss_feed\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: China &#8211; South China Morning PostHunan has become the first province in China to use the proceeds of special-purpose bonds to guarantee government payments to enterprises, with 20 billion&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/131437"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=131437"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/131437\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=131437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=131437"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=131437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}