China Reveals $1.4 Trillion Plan to Bail Out Local Governments
Economists said it was not big enough to address China’s sluggish economy. By Meaghan Tobin and John Liu Meaghan Tobin reported from Taipei, Taiwan, and John Liu from Seoul. The Chinese government on Friday approved a $1.4 trillion plan to revive the ...
China unveils $1.4T stimulus package to ease massive local government debt
China has unveiled a $1.4T stimulus package over five years to ease the heavy debt burdens of local governments and support economic growth. The measures were announced after the parliament ended its five-day meeting in Beijing on Friday.
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 BEIJING -- China on Friday approved a 6 trillion yuan ($839 ...
VIEW China raises local government debt ceilings to revive economy
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 Extends Lifeline to Local Governments But Holds Off on Big Stimulus
The country’s top legislative body gave its green light for local governments to swap some of their mounting off-balance-sheet debts but stopped short of new fiscal stimulus measures to revive the struggling economy.
China launches $1.4 trillion plan to bail out local governments
China unveiled a 10 trillion yuan (US$1.4 trillion) program to help resolve a local government hidden debt crisis, as authorities moved to shore up a slowing economy facing fresh risks from the reelection of Donald Trump.
China kicks off $1.4 trln in fiscal support with local government debt swaps
China kicked off a fresh round of fiscal support on Friday for its sputtering economy with a package that eases debt repayment strains for local governments, with Finance Minister Lan Foan signalling further stimulus in the pipeline.
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.
China Unveils $1.4 Trillion Debt Swap to Help Local Governments
China announced a 10 trillion yuan ($1.4 trillion) program to refinance local government debt, as Beijing rolls out more measures to support a slowing economy facing new risks from the reelection of Donald Trump.
China allocates billions to local governments to tackle hidden debt issues
NBC News' Janis Mackey Frayer in Beijing explains why China needs to revive its economy and prepare for a Trump administration.
China just announced a $1.4 trillion plan to rescue its local governments
Friday's announcement is the latest in a string of stimulus measures China has taken to turn around its ailing economy.
The Washington Post on MSN3h
China unveils $1.4 trillion stimulus in effort to boost flailing economy
Local government debt has ballooned in recent years as China’s crumbling property market has caused a cash crisis for ...
Bloomberg on MSN4h
China Unveils $839 Billion Debt Swap to Rescue Local Governments
China has approved a 6 trillion yuan ($839 billion) program to refinance local government debt, as Beijing rolls out more ...
China approves $837 billion debt package to boost its flagging economy
China has approved a six trillion yuan ($837 billion) plan to bolster its ailing economy by allowing local governments to ...
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China Fiscal Policy Announcement Seems Underwhelming
China's fiscal policy announcement was disappointing, said Danske Bank's Allan von Mehren. Beijing announced a 6 trillion ...
China Will Work With US, Government Says, but More Rivalry Expected Under Trump
BEIJING (Reuters) - China will work with the U.S. on the basis of mutual respect, it said on Wednesday as Donald Trump closed ...
India should join China-backed Asian trade bloc, government think tank CEO says
India should join the Regional Comprehensive Economic Partnership (RCEP), a top official at a government think tank said on ...
Head of Myanmar’s military government visits close ally China for the first time since taking power
Myanmar's state media says the head of Myanmar’s military government will pay an official visit this week to China, the ...