China to start selling 1tn yuan in long bonds for economic support

First batch to be issued Friday as Beijing aims to drum up cash for key projects

20240513 yuan note

China is set to start selling 1 trillion yuan worth of long-term bonds meant to drum up funds to bolster the economy. © Reuters

GRACE LI and ECHO WONG, Nikkei staff writers

HONG KONG -- China will start selling a series of long-term special treasury bonds this week, as Beijing explores new ways to prop up its flagging economy.

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