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 Reveals $1.4 Trillion Plan to Bail Out Local Governments
The support package came after smaller measures were announced to jump-start growth. Economists said it was not big enough to address China’s sluggish economy.
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.
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 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.
LIVE
Business News LIVE Updates Today November 10, 2024: China unveils new ‘hidden debt’ scheme for local governments
The Delhi High Court has ruled in favour of Ambuja Cement Limited, setting aside a show cause notice and an order demanding ₹218.87 crore in stamp duty Read more news like this on HindustanTimes.com
China publishes new details of its sweeping claims to South China Sea in row over Philippine law
The move from Beijing comes just a day after the Philippines signed two laws defining the country’s maritime zones ...
China unveils $1.4 trillion stimulus in effort to boost flailing economy
The outlook is grim for the world’s second largest economy, with growth slowing and the prospect of a new trade war following ...
China announces $1.4 trillion package over five years to tackle local governments' ‘hidden' debt
Authorities in Beijing have ramped up stimulus announcements since late September in an effort to bolster its flagging ...
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 ...
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 ...
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 ...
Indonesia's new leader calls for collaboration with China before heading to US
BEIJING -- BEIJING (AP) — Indonesia's new leader called for collaboration rather than confrontation with China after the ...
The Economist2d
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 ...