Reported 3 days ago
China plans to significantly increase funding from ultra-long treasury bonds in 2025 to stimulate business investment and consumer spending, according to a government official. This move is part of broader fiscal stimulus efforts aimed at revitalizing the struggling economy, which faces challenges such as a property crisis and weak consumer demand. Special treasury bonds will fund initiatives like equipment upgrades and consumer goods trade-ins, and subsidies for purchasing digital products. The government anticipates a record issuance of special treasury bonds, reaching 3 trillion yuan, as part of its strategy to boost consumption and support key strategic sectors.
Source: YAHOO