China has announced numerous measures to revive the economy.
For this purpose, the country will issue approximately EUR 300 billion worth of bonds in the next three months, says Finance Minister Lan Foan.
The goal is to strengthen banks, support the real estate market and strengthen consumer demand.
Among other things, mortgage interest rates will be reduced. Local government’s opportunities to invest in infrastructure and secure jobs are also improved.
China is aiming for five percent economic growth this year.
Sources: AFP, Reuters