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China Announces $1.4 Trillion Debt Plan
China approves $840B plan to refinance local government debt, boost slowing economy
China has announced a 6 trillion yuan ($839 billion) plan to help local governments refinance their mountains of debt in the latest push to rev up growth in the world's second largest economy
Analysts react to China raising local government debt ceilings
China top legislative body approved a bill on Friday to allow local governments to issue 6 trillion yuan ($838.8 billion) in bonds to swap for off-balance sheet or "hidden" debt over three years, as policymakers sought to spur the sluggish economy.
China announces $1.4 trillion local government debt swap, bonds package
China Friday announced a $1.4 trillion economic stimulus that includes a three-year local government re-finance plan for what was described as hidden debt. But it fell short of what many investors believe is needed.
3h
How China Plans To Cut Hidden Debt In Massive Shakeup
China has unveiled an ambitious plan to relieve public debt, aiming to turn local governments away from belt-tightening ...
ABC News
5h
China delimits a contested South China Sea shoal in a dispute with Philippines
China’s
move came two days after Philippine President Ferdinand Marcos Jr. signed two laws demarcating the
government
's claims in the disputed waters. A Chinese Foreign Ministry statement said ...
3d
China will work with US, government says, but more rivalry expected under Trump
As Republican Donald Trump claimed victory in the U.S. presidential election, defeating Democrat Kamala Harris, China is ...
Crude Oil Prices
14h
Government Support Fuels China's EV Boom
China's electric vehicle market is experiencing rapid growth, driven by government support, competitive pricing, and a wide range of models.
5d
China is building new villages on its remote Himalayan border. Some appear to have crossed the line
But now, there is a growing population as the Chinese
government
incentivizes hundreds of people to settle there from ...
3d
Why Trump tariffs pose a bigger threat to China’s economy this time
In 2018, the property market was strong, driving about a quarter of
China's
economic activity. That meant local ...
Global Times
2d
US government needs to earnestly abide by the one-China principle: Chinese FM
This position is consistent and clear, Chinese Foreign Ministry spokesperson Mao Ning on Thursday responded to media ...
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