The Chinese government considers taking major steps to shore up the flagging economy, including potentially billions of US dollars in new infrastructure spending, loosening restrictions on home buying and issuing about 1 trillion yuan of special treasury bonds, Wall Street Journal reported.
The measures could be announced as early as the next few days, the report said.
These special treasury bonds will be utilized to finance infrastructure projects and other initiatives aimed at promoting economic growth and will also be used indirectly to help local governments pay down their debts, it said.
In addition, authorities are also considering removing constrains on the purchase of second homes in smaller cities to spur the property market, it said.