The issuance of local-government special bonds in China has progressed much faster and is more advanced this year than in previous years, an official said Tuesday. The country has allocated all special bond quotas for project construction, Vice Minister of Finance Xu Hongcai said at a press conference.

4月12日，财政部副部长许宏才在新闻发布会上表示，今年地方政府专项债券发行使用工作起步早、动作快，进度明显快于往年，用于项目建设的专项债券额度已全部下达。

By the end of March, the country had advanced about 1.25 trillion yuan worth of the 2022 bond quota, or 86 percent of the total.
截至2022年3月末，各省份基本都已组织开展了提前下达额度的发行工作，累计发行约1.25万亿元，占提前下达额度的86%。

According to this year's government work report, China plans to issue a total of 3.65 trillion yuan in special-purpose bonds for local governments in 2022.
今年的政府工作报告指出，2022年拟安排地方政府专项债券3.65万亿元。