From Yahoo Finance: 2024-05-13 06:14:47

China is set to start selling the first of its 1 trillion yuan of ultra-long special sovereign bonds this week, with the central government issuing 40 billion yuan of 30-year bonds on Friday. President Xi Jinping’s government aims to boost GDP growth by 1% through government spending on infrastructure funded by these bonds. Analysts expect the People’s Bank of China to lower the reserve requirement ratio to free up cash for bond purchases. The planned bond sales come amid a shrinking credit measure in April and escalating trade tensions with China’s biggest trading partners.



Read more at Yahoo Finance: China to Start $138 Billion Bond Sale on Friday to Boost Economy