China is reportedly considering issuing 6 trillion yuan, approximately $850 billion, in ultra-long special treasury bonds over the next three years. This potential move aims to bolster the nation’s slowing economy through fiscal stimulus.
Xing Zhaopeng, a senior China strategist at ANZ, shared with Reuters that this development aligns with expectations. He stated, “For next year, we still think a growth target of around 5% is likely to be maintained. So, for a 5% growth rate, that should be enough.”
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