Wang Jianfan, the director of the Budget Department of the Ministry of Finance, stated at the press conference on the "Achievements of China's High-Quality Economic Development" held by the State Council Information Office that the Average Cost of debt swaps in various regions has generally decreased by more than 2 percentage points, and in some places, the cost has dropped by more than 2.5 percentage points, significantly reducing the local repayment pressure. (Xinhua Finance)
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