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. Last Updated: 07/27/2016

China Stimulus Plan

BEIJING -- China's Finance Ministry is considering long-term debt issues and tax increases to pay for government spending aimed at stimulating the sluggish economy, state media reported.

Finance Minister Xiang Huaicheng said at a recent conference that the bonds would be used to fund investment in infrastructure and corporate technology upgrades, the official China Securities News said Tuesday.

China has issued just over half of its planned 400 billion yuan ($48.4 billion) in treasury bonds this year.