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.
Years of tight pandemic restrictions and a real estate crisis have drained local government coffers in China, leaving ...
Lan Fo’an, China’s finance minister, said that local governments would be allowed to issue extra bonds worth trillions of ...
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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 ...
China has announced a local government debt rescue program days after Trump won the US election. Trump has threatened ...
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 ...
India should join the Regional Comprehensive Economic Partnership (RCEP), a top official at a government think tank said on ...
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