China Plans Massive Increase in Special Bonds to Support the Economy

China's policymakers have announced their plan to issue special bonds for the year 2025. A sum of 3 trillion yuan is targeted, which is approximately equivalent to 411 billion US dollars. This amount represents a significant increase compared to the 1 trillion yuan raised this year. This information comes from Reuters, citing two unnamed sources. The funds generated from the bonds are to be used for a variety of important economic initiatives. These include subsidies to boost consumption and upgrades in business equipment. Investments in key technologies and the advanced manufacturing sector are also part of the plans. Additionally, part of the proceeds will be used to inject capital into large state-owned banks to ensure their financial stability and enhance their lending capabilities. The aim of these measures is to promote China's economic growth in the long term.