CHINA PLANS TO RAISE 6 TRILLION YUAN FOR ECONOMIC STIMULUS

Mario Nawfal

@MarioNawfal
🚨🇨🇳CHINA PLANS TO RAISE 6 TRILLION YUAN FOR ECONOMIC STIMULUS

China is considering raising 6 trillion yuan through ultra-long special treasury bonds over three years to boost its slowing economy, according to sources.

The funds will help local governments resolve off-the-books debts.

The Ministry of Finance recently pledged to address local debt pressures but did not specify the exact amount.

This plan is part of China’s broader fiscal stimulus strategy aimed at stabilizing the economy.

Source: Caixin