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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.