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 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 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 Unveils $1.4 Trillion Debt Swap, Saves Stimulus for Trump
China gave indebted local governments a 10 trillion yuan ($1.4 trillion) lifeline but stopped short of unleashing new stimulus, preserving room to respond to a potential trade war when Donald Trump takes office next year.
China unveils $1.4 trillion package to address local government debt issues.
CNBC's Eunice Yoon joins 'The Exchange' to report on China's new debt package and the possibility for more stimulus in the future.
China unveils sweeping local govt debt swap to lift ailing economy
China on Friday unveiled some of its most ambitious plans in years to lift local government debt and boost its economy, following a meeting of lawmakers eyeing the possibility of
China unveils new ‘hidden debt’ scheme for local governments
Policymakers approved a proposal to swap six trillion yuan ($840 billion) of hidden debt belonging to local governments
China Unveils $1.4 Trillion Debt Relief Plan To Alleviate Local Government Debt
China announced a nearly $1 trillion five-year plan aimed at alleviating local government debt and driving economic growth. The program will allocate funds annually and issue special bonds over five years to reduce hidden debt.
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China Opposes New Philippine Maritime Law, Vows to Protect South China Sea 'Sovereignty'
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Trump said he will divide Russia from China. It's a tough bromance to break.
Authoritarian leaders Vladimir Putin and Xi Jinping are more interested in challenging the US than cutting deals with it.
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European Shares Log Third Week of Declines on China, Tariff Jitters
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They’re cute, cuddly and coming to America: China’s newest panda diplomats headed for Washington
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China Unveils $1.4 Trln Local Debt Package but No Direct Stimulus
China's top legislative body, the standing committee of the National People's Congress (NPC), approved a bill on raising ...
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How China has taken a generational grip on the global shipbuilding industry
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One’s got a big appetite, the other’s a bit of an introvert. China’s new panda diplomats touch down in DC
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China's tough looking Toyota rival
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TSMC to suspend production of advanced AI chips for China, FT reports
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