China will sharply increase funding from ultra-long treasury bonds in 2025 to spur business investment and consumer-boosting initiatives, a state planner official said on Friday, as Beijing cranks up fiscal stimulus to revitalise the faltering economy.

China is to sharply increase funding from ultra-long treasury bonds this year to spur business investment and consumer-boosting initiatives, a state planner official told a news conference yesterday, as Beijing cranks up fiscal stimulus to revitalize its faltering economy.

The Treasury Department sanctioned a Chinese company behind the Flax Typhoon hacks, which infiltrated around 260,000 routers and other devices.

The US Treasury Department told lawmakers in a letter back in December that its documents and workstations were accessed by an external party in a security breach. It described the attack as "a major cybersecurity incident" and attributed it to a "China state-sponsored Advanced Persistent Threat actor.

The US Treasury Department said Monday that a China state-sponsored actor was behind a cyber breach resulting in access to some of its workstations, according to a letter to Congress seen by AFP.