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Chinese premier pledges 300 billion yuan to boost consumption, innovation

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Chinese Premier Li Qiang pledged to issue 300 billion yuan ($41.38 billion) in ultra-long-term special bonds to promote consumption and modernize industries. He made the remarks during his opening address at the China Development Forum 2025 in Beijing on Sunday. Li also vowed to create a better business environment by deepening economic reforms and encouraging innovation across emerging sectors.

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