For the second year China is going to sell 200 billion Yuan ($29 billion) of bonds in order to help the governments fund infrastructure projects, Premier Wen Jaiabo announced that today in the annual meeting of the national people's congress will be today.

However, the government's role in local debt sales reduced the cost of infrastructure projects like roads and railways. China sold 1.42 trillion yuan of treasury debt in 2009 to finance the fiscal deficit, and the Finance Ministry expect the nation's deficit in 2010 to be similar to last year which is less than 3% of the GDP.