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International Business Times

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AFP News

THE TRUTH ABOUT: China says to sell initial batch of long dated bonds this week - Caught on Camera

Bonds China The Ministry of Finance Economy Li Qiang Beijing

A debt crisis in China's vast property sector has been a major drag on the world's number two economy (Credit: AFP)

China will start selling an initial batch of long-dated bonds this week, the Ministry of Finance announced Monday, as Beijing looks to increase support for the world's second-largest economy.

The central government will begin issuing some 30-year bonds on Friday as part of a planned sale of more than $138 billion of debt, according to a notice posted to the ministry's website.

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