China central bank: State treasury fund to go directly to final recipients

BEIJING, Dec. 17 (Chinese media) -- The Chinese central bank

said Wednesday the State treasury fund for projects to improve people's

livelihood, infrastructure, ecological environment and post-disaster

reconstruction, would go directly to final recipients.

Su Ning, vice governor of the People's Bank of China

(PBOC), said the central bank would study new methods to let the State treasury

play a better role in supporting the country's policies to sustain the economy.

He said the State treasury would continue increase

direct financial aid to agriculture-related and disaster-relief projects.

The central bank, responsible for managing the

treasury, would ensure the money be put in the right place in time and would

simplify treasury procedures of customs tax rebates.

Usually, the State treasury fund would first go to

units that submitted budgets. Most of them were governments at all levels.