Chinese Premier Li Qiang made the announcement at the opening of the country’s annual meeting of the National People’s Congress on Tuesday, in a speech that prioritised both security and the economy.
Mr Li said the government would issue 1 trillion yuan (around £110bn) in “ultralong special treasury bonds” in 2024 and over each of the coming several years – a long hoped-for extra promise of government spending to help support flagging growth.
The ruling Communist Party has been emphasising the need to raise consumer spending to help drive the economy.
