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.
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 $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 unveils sweeping local govt debt swap to lift ailing economy
BEIJING: China on Friday (Nov 8) unveiled some of its most ambitious plans in years to lift local government debt, following a meeting of lawmakers eyeing the possibility of intensified trade tensions with US president-elect Donald Trump.
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 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 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 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 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 $1.4 trillion local debt package but no direct stimulus
They would also exacerbate China's industrial overcapacity and the deflationary pressures it fuels, analysts said. The ...
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 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 ...
China unveils $1.8 tn package to help debt-ridden local governments but falls short of providing strong stimulus
China to provide $1.8 trillion to help debt-stricken local govts Source: AFP. China announced a whopping 10 trillion ...
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 approves $1.4 trillion debt package in latest measure to boost flagging economy
China has approved a 10 trillion yuan ($1.4 trillion) plan to bolster its ailing economy by allowing local governments to ...
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 ...