China Unveils New Economic Measures Amid Ongoing Challenges

The Chinese government announces increased public debt and special bonds to bolster its struggling economy, yet specifics remain vague.

China's Finance Minister, Lan Fo'an, announced plans to issue 2,300 billion yuan in special bonds to support economic recovery.
The measures aim to address the ongoing real estate crisis, low consumer spending, and high youth unemployment in China.
The government plans to raise the debt ceiling for local governments to stimulate spending and economic growth.
Major Chinese banks will lower interest rates on existing mortgage loans starting October 25, following a directive from the central bank.
Despite the announcements, investors express disappointment over the lack of detailed financial commitments and comprehensive consumer support.