(Bloomberg) -- China's policymakers are planning to sell 3 trillion yuan ($411 billion) in special treasury bonds in 2025, an increase from 1 trillion yuan this year, Reuters reported Tuesday, citing two unnamed sources.
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Funds raised from the bonds will be used to support consumption subsidies, business equipment upgrades as well as investments in key technology and advanced manufacturing sectors, according to Reuters. Some of the proceeds will also be used to inject capital into large state banks, it said.