China to start selling 1tn yuan in long bonds for economic support
HONG KONG -- China will start selling a series of long-term special treasury bonds this week, as Beijing explores new ways to prop up its flagging economy.
The government will issue the first batch of 30-year bonds on Friday, while 20-year bonds are due to go on sale May 24 and 50-year instruments will become available on June 14, according to a notice posted on the Finance Ministry's website.