Traffic in Pudong's Lujiazui Financial District in Shanghai, China, on Wednesday, Aug. 7, 2024. The People's Bank of China is potentially getting the respite it’s been hoping for from global financial markets, bringing closer a dose of monetary stimulus long awaited by investors and traders.

China's central bank boosted support for markets on Thursday as it launched a "swap facility" offering firms access to $70.6 billion in liquidity as Beijing seeks to raise confidence in the country's flagging economy.

China said Saturday it will issue special bonds to help its sputtering economy and that it had $325 billion in funds raised that it can deploy in the next three

Simply sign up to the Chinese economy myFT Digest -- delivered directly to your inbox. China said on Saturday it would issue more debt to boost the property market, recapitalise banks and help cash-strapped local governments,

The finance minister said Beijing would sell bonds to supplement spending and help banks but did not detail how much.

China said Saturday it would issue special bonds to help its sputtering economy, signaling a spending spree to bolster banks, shore up the property market and ease local government debt as part of one of its biggest support packages in years.