The finance minister outlines measures to support the country’s property market and local governments, but offers no specific amount of potential stimulus package.

China said Saturday it would issue special bonds to help its sputtering economy, signaling a spending spree to bolster banks, shore up the property market and ease local government debt as part of one of its biggest support packages in years.

China has announced a large economic stimulus package worth $325 billion over the next three months. This plan aims to provide financial aid to struggling banks, support the property market, and encourage people to spend more.

Investors are eagerly awaiting new policies from Beijing this weekend, hoping they will help revive the country’s economy. China’s Finance Minister Lan Fo’an is scheduled to hold a press conference at 10 a.