China will significantly increase funding from ultra-long treasury bonds in 2025 to encourage business investments and consumer initiatives.
The National Development and Reform Commission (NDRC) announced plans to fund "two new" initiatives via special treasury bonds, aiming to revitalize the economy.
Key initiatives include subsidies for demand boosting on durable goods and large-scale equipment upgrades for businesses.
The NDRC reported that 3 trillion yuan worth of special treasury bonds will be issued in 2025, marking a record level.
In addition, the government is poised to raise the budget deficit to 4% of GDP and target an economic growth rate of approximately 5% in 2025.