China plans to significantly increase funding from ultra-long treasury bonds in 2025 to stimulate business investment and consumer spending. Special bonds will finance large-scale equipment upgrades and consumer goods trade-ins, aiming to revitalize the slowing economy. The government will also offer subsidies for purchasing digital products like cellphones and tablets, building upon existing programs.
BEIJING - China will sharply increase funding from ultra-long treasury bonds in 2025 to spur business investment and consumer-boosting initiatives, a state planner official said on Friday, as Beijing cranks up fiscal stimulus to revitalise the faltering economy .
Under the programme launched last year, consumers can trade in old cars or appliances and buy new ones at a discount, and a separate one that subsidises large-scale equipment upgrades for businesses. Chinese leaders have pledged to "vigorously" boost consumption this year, raising expectations of more policy steps to spur demand and fight deflationary risks.Millions of government workers across China were given surprise wage increases this week, people affected by the move said, as Beijing looks to boost spending.
The major programmes refer to projects such as the construction of railways and airports, the development of farmland, and the building of security capacity in key areas, according to official documents.
ECONOMY CHINA FISCAL STIMULUS TREASURY BONDS CONSUMPTION
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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