# The Chinese government says it will “significantly increase” government debt issuance to offer subsidies to people with low incomes, support the property market and replenish state banks’ capital as it pushes to revive sputtering economic growth. Economic data in recent months has missed forecasts, raising concerns that the government’s roughly five-percent growth target this year is at risk. September’s data, which will be released over the coming week, is expected to show further weakness, but officials are confident that the 2024 target will be met.
China says it will ‘significantly increase’ debt to revive economic growth