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China may issure $203.49b special T-bonds to buy forex
POSTED: 3:00 p.m. EDT, June 27,2007

China's top legislature Wednesday started to read a draft bill that say the Ministry of Finance will issue 1.55 trillion yuan (US$203.49 billion) of special treasury bonds to purchase US$200 billion of forex to give the state foreign exchange investment company to operate.

The draft bill was submitted Wednesday to the ongoing session of the Standing Committee of the National People's Congress, or the top legislature, for discussing.

From: chinadaily
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