(Adds details)
BEIJING, April 26 (Reuters) - China's local governments
issued a net 529.9 billion yuan ($76.44 billion) in special
bonds in March, the finance ministry said on Wednesday,
quickening from the previous month's issuance amid efforts to
bolster economic growth.
In February, local governments issued a net 335.7 billion
yuan in special bonds, earlier official data showed.
The special bond issuance for the first three months was
1.36 trillion yuan, the ministry said.
The government plans to increase funding for infrastructure
projects with 3.8 trillion yuan in special local government
bonds this year, up from last year's 3.65 trillion yuan.
China's economy grew at a faster-than-expected pace in the
first quarter, as the end of strict COVID curbs lifted
businesses and consumers out of crippling pandemic disruptions,
although headwinds persist and the recovery remains uneven.
($1 = 6.9323 Chinese yuan)
(Reporting by Liz Lee, Wang Jing and Kevin Yao; Editing by
Himani Sarkar and Sam Holmes)
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