China’s ministry of finance is considering allowing local governments to sell 1.5tln yuan ($220bln) of special bonds in the second half of this year, an unprecedented acceleration of infrastructure funding. The bond sales would be brought forward from next year’s quota. The funding would add 1.1tln yuan in new support for infrastructure projects announced over the past few weeks as the government aims to get the economy back towards achieving its annual growth target of 5.5%.