T-bonds worth 1.3 trln yuan to be issued

China will kick off on April 24 the issuance of this year's ultra-long-term special treasury bonds — a major off-budget tool to boost growth and address structural challenges — worth 1.3 trillion yuan ($178.3 billion), as policymakers front-load fiscal stimulus moves to proactively counter the incoming demand shock stemming from US tariffs.

To be issued at a larger size and faster pace than last year, the bonds will effectively create demand for investment and consumption while reiterating policymakers' commitment to growth stabilization, analysts said, with additional government bond issuances possible in the second half.

The Ministry of Finance said a total of 21 tranches of such bonds — totaling 1.3 trillion yuan, up 300 billion yuan from last year, and with maturities of 20, 30 and 50 years — will be issued from Thursday to Oct 10.