China mulls 4 tril. yuan in special bonds to boost virus-hit economy

China may issue special government bonds worth 4 trillion yuan ($565.7 billion) to prop up the country's economy hit hard by the coronavirus pandemic, sources close to the matter said Thursday.Such bonds would be sold for the first time since 2007, when China launched a state-run investment company in an attempt to earn greater returns on the nation's vast foreign exchange reserves.Late last month, the Chinese leadership of President Xi Jinping decided to allow the country's fiscal deficit to expand to implement measures aimed at shoring up private spending that has significantly deteriorat…READ FULL ARTICLE