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 reviews plan to increase local government debt
A closely watched meeting of China's parliament on Monday reviewed a proposal to raise the local government debt limit, according to state media. New debt would go toward replacing hidden debt, the report said,
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 raises local government debt ceilings to revive economy
SINGAPORE/SHANGHAI (Reuters) -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,
China Reveals $1.4 Trillion Plan to Bail Out Local Governments
The Chinese government on Friday approved a $1.4 trillion plan to revive the economy, authorizing local governments to refinance crushing debts that have left some cities unable to pay their bills. The move caps a series of steps that China’s leaders started rolling out in September to stimulate growth.
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 unveils $1.4 trln local debt package but no direct stimulus
China unveiled a 10 trillion yuan ($1.40 trillion) debt package on Friday to ease local government financing strains and stabilise flagging economic growth, as it faces fresh pressure from the re-election of Donald Trump as U.
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China announces $1.4 trillion package over five years to tackle local governments' 'hidden' debt
"As such, the NPC meeting this week focused on debt swap rather than new stimulus." When discussing planned fiscal support ...
All eyes focused on crucial government meeting in China as economy continues to slow
The opinion of economic and financial analysts both in China and internationally is that more must be done to boost ...
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China announces huge debt package ahead of ‘forceful’ stimulus
Finance Minister Lan Fo’an noted that the outstanding scale of hidden debt was around RMB14.3tn; with the measures approved ...
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 ...
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China poised to approve more help for ailing economy
BEIJING: China is expected to unveil a huge support package for its struggling economy on Friday (Nov 8) as officials wrap up ...
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China to raise local government debt ceiling to boost struggling economy
Policymakers were keeping tabs on the US vote as they gathered in the Chinese capital this week for a meeting of the ...
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China approves $1.4 trillion debt package in latest measure to boost flagging economy
This kind of debt is normally owed by risky local government financing platforms ... The announcement was made at the ...
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 ...
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Prabowo Meets PM Li Qiang, Plans to Send More Indonesian Students to Chinese Universities
TEMPO.CO, Jakarta - President Prabowo Subianto held a bilateral meeting with Chinese Premier Li Qiang at the Great Hall of ...
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Trump plans sweeping tariffs, targets China in trade overhaul
Donald Trump is preparing to implement the most extensive tariffs in a century, and some of these tariffs are intended to ...