China to issue special treasury bonds for first time since 2007 to boost virus-hit economy

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China plans stronger measures to boost an economy hard hit by the coronavirus outbreak, including issuing special treasury bonds, said China’s top policymakers at a meeting on Friday.

That would be the first issuance of the type of bonds since 2007 and the third issuance on record.

China is expected to issue more than 2 trillion yuan worth of special treasury bonds, about 2 - 3 per cent of China's GDP, said Xing Ziqiang, chief China economist at Morgan Stanley. Proceeds of which will be used to ease pressure on medium- and small-sized . . .

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