China Weighs More Stimulus With $139 Billion of Special Bonds
- Debt would have ‘ultra-long’ repayment period, people say
- Sale would be fourth of its kind in the past couple of decades
China is considering 1 trillion yuan ($139 billion) of new debt issuance under a so-called special sovereign bond plan, only the fourth such sale in the past 26 years, as authorities seek more money to finance intensifying efforts to shore up the world’s second-largest economy.
The proposal under discussion by senior policymakers would involve the sale of ultra-long sovereign bonds to fund projects related to food, energy, supply chains and urbanization, people familiar with the matter said.