China says will issue special bonds to boost ailing economy

China announced plans to issue special bonds and deploy $325 billion in funds over the next three months to boost its struggling economy. Measures include increasing local government debt ceilings for infrastructure spending and supporting state-owned banks. Major banks will also cut interest rates on existing mortgages. These steps aim to address the property sector crisis, low consumption, and achieve a 5% growth target for the year.READ FULL