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
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.
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 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 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 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 $1.7 Trillion Package to Address Mounting Local Debt Woes
Despite comprehensive plans, market skepticism persists amid limited consumer stimulus and lingering long-term fiscal challenges.
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
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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.
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
As Republican Donald Trump claimed victory in the U.S. presidential election, defeating Democrat Kamala Harris, China is ...
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 ...
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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 ...
India should join China-backed Asian trade bloc, government think tank CEO says
India should join the Regional Comprehensive Economic Partnership (RCEP), a top official at a government think tank said on ...