Chinese policymakers plan to sell a record 3 trillion yuan (US$411.1 billion) of special treasury bonds next year, as the government seeks to boost the slowing economy, Reuters reported yesterday.
Funds raised from the bonds would be used to support consumption subsidies, business equipment upgrades, and investments in key technology and advanced manufacturing sectors, according to Reuters, which cited two unnamed sources.
Some of the proceeds would also be used to inject capital into large state banks, it said.
Photo: Reuters
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