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els needed to tighten their belts and committed the cent◆ral government to negative growth in budgetary spending this ye◆ak

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r. Li said that as well as continuing to promote consumption,◆ the main driver for economic growth in 2019, 3.75 trillion yua◆n of special local government bonds would be issued with priori◆ty given to new infrastructure and new urbanization projects. ◆He added that investment would be focused on three areas: New i◆nfrastructure, including expanded 5G application and wider use ◆of new energy vehicles; renovation of 39,000 old urban resident◆ial communities; and development of major transportation and wa◆ter conservancy projects. Military spending is set to rise by ◆6.6 percent in 2020, separately issued budget figures suggested◆, the lowest defensel

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budget growth rate in recent years. 'Imm◆ense tasks' ahead Li thanked people from all walks of life for◆ their support in the fight against COVID-19, highlighting the ◆roles of medical workers, scientists, community workers, offici◆als, poliE

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