The plan for 2025 sovereign debt issuance would be a sharp increase from this year's 1 trillion yuan and comes as Beijing moves to soften the blow from an expected increase in US tariffs on Chinese imports when Donald Trump takes office in January.
The proceeds will be targeted at boosting consumption via subsidy programmes, equipment upgrades by businesses and funding investments in innovation-driven advanced sectors, among other initiatives, said the sources.
The sources, who have knowledge of the discussions, declined to be identified due to sensitivity of the matter.
This story is from the December 25, 2024 edition of Financial Express Pune.
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This story is from the December 25, 2024 edition of Financial Express Pune.
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