China’s stimulus falls short, as a showdown with Trump looms
Lan Fo’an, China’s finance minister, said that local governments would be allowed to issue extra bonds worth trillions of yuan to replace riskier “hidden” debts. These hidden liabilities typically belong to local-government financing vehicles ( LGFV s),
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 ...
The Associated Press - Business News on MSN11h
China approves $840B plan to refinance local government debt, boost slowing economyChina has announced a 6 trillion yuan ($839 billion) plan to help local governments refinance their mountains of debt in ...
Years of tight pandemic restrictions and a real estate crisis have drained local government coffers in China, leaving ...
China top legislative body approved a bill on Friday to allow local governments to issue 6 trillion yuan ($838.8 billion) in ...
China has unveiled a $1.4T stimulus package over five years to ease the heavy debt burdens of local governments and support ...
Friday's announcement is the latest in a string of stimulus measures China has taken to turn around its ailing economy.
China kicked off a fresh round of fiscal support on Friday for its sputtering economy with a package that eases debt ...
The Washington Post on MSN9h
China unveils $1.4 trillion stimulus in effort to boost flailing economyThe outlook is grim for the world’s second largest economy, with growth slowing and the prospect of a new trade war following ...
The country’s top legislative body gave its green light for local governments to swap some of their mounting ...
From May 2023 until November 2023, China violated Taiwan’s air defense identification ... claims democratically governed ...
China's fiscal policy announcement was disappointing, said Danske Bank's Allan von Mehren. Beijing announced a 6 trillion ...
BEIJING (Reuters) - China will work with the U.S. on the basis of mutual respect, it said on Wednesday as Donald Trump closed ...
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