China's "Significant expansion of government debt"Issuance of special government bonds"

China has decided to issue special government bonds and significantly expand government debt to expand the capital of state-run banks.

Chinese Finance Minister Ran Po-an held a press conference today and announced the economic stimulus package.Manager

explained to China's central bank that it has relatively much room to increase debt.

It also added that subsidies for low-income families and students will also be increased.