New steps set to halt debt surge

Policymakers consider more measures to shore up growth

Chinese policymakers need to find new financing methods to lift infrastructure investment to an "ideal" growth rate of higher than 6 percent this year, but without a surge in local government debt, according to economists.

A possible option is that the central bank could continually inject liquidity to policy and commercial banks, through targeted monetary easing, and encourage their purchase of treasury bonds issued by the central government, said some policy advisors.