China unveils $1.8 trillion plan to fix local govt debt; more action likely in case of trade war
SHENZHEN/BEIJING – Chinese officials on Nov 8 unveiled the country’s largest effort in recent years to address hidden local government debt, a longstanding drag on economic growth, but disappointed investors looking for a big fiscal stimulus package to directly boost the tepid economy.
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 ...
Economists said it was not big enough to address China’s sluggish economy. By Meaghan Tobin and John Liu Meaghan Tobin ...
The Washington Post on MSN8h
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'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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Myanmar's state media says the head of Myanmar’s military government will pay an official visit this week to China, the ...
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But now, there is a growing population as the Chinese government incentivizes hundreds of people to settle there from ...
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