> China announces measures to boost ailing economy / 36JU68Q
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China announces measures to boost ailing economy / 36JU68Q
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China says it will issue special bonds to help its sputtering economy and that it has $325 billion in funds raised that it can deploy in the next three months to shore up the property market, ease local debt and bolster banks.
The measures, announced at a highly anticipated press conference on Saturday by Finance Minister Lan Fo'an and other officials, came on top of a series of steps announced over the last weeks that have included interest rate cuts and liquidity for banks. IMAGES AND SOUNDBITES