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 approves bill to raise local govt debt ceiling by 6 trillion yuan
The Standing Committee of the 14th National People's Congress, China's top legislature, on Friday approved a bill to raise the local government debt ceiling by 6 trillion yuan ($836.74 billion) to replace existing hidden debts of local governments,
China approves $839 billion refinancing of local government debt in fresh stimulus
Beijing is attempting to shore up support for a slowing Chinese economy that is facing new threats of tariff curbs after the re-election of Donald Trump as the US President.
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 Disappoints Investors With $1.4 Trillion Debt-Swap Plan
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world China unveiled a much-anticipated 10 trillion yuan ($1.
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 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.
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.
How China Plans To Cut Hidden Debt In Massive Shakeup
China has unveiled an ambitious plan to relieve public debt, aiming to turn local governments away from belt-tightening practices that have exacerbated a domestic downturn.
China Announces $1.4 Trillion Debt Plan After Trump’s Re-Election
China unveiled a 10 trillion yuan ($1.4 billion) program to help local governments pay off debt and increase spending as its economy faces new risks from the
Scholars debunk myth of Roman settlement in China after DNA tests, doubt still draws tourists
In the remote village of Liqian, nestled in northwestern China’s Gansu province, a captivating myth once captured global ...
China approves $840B plan to refinance local government debt, boost slowing economy
China is expected to announce much-anticipated steps to boost its flagging economy at the end of this week's meeting of its ...
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China just announced a $1.4 trillion plan to rescue its local governments
China announced a debt rescue program to the tune of $1.4 trillion to save heavily indebted local governments and boost ...
China unveils $1.4 trillion local debt package but no direct stimulus
Swapping hidden for official debt is expected to save 600 billion yuan in interest for local governments over five years.
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 ...
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China announces $1.4 trillion package over five years to tackle local governments' 'hidden' debt
came after the standing committee for China's parliament, the National People's Congress, on Friday wrapped up a five-day ...