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 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 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 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 approves $840B plan to refinance local government debt, boost slowing economy
The plan will be implemented over the next three years, Xu Hongcai, vice-chairman of the National People's Congress's financial and economic committee, said
Several Chinese cities reveal survey results on public's outlook on marriage, fertility desire
Several Chinese cities, including Ningbo from East China's Zhejiang Province and Mianyang from Southwest China's Sichuan ...
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Cashed-up Chinese tourists from smaller cities venture overseas
As residents of China’s lower-tier cities catch up in terms of spending power, outbound flights from smaller airports are on ...
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Chinese cities ease residency requirements as ‘war for people’ heats up
A fresh round of what has been called a “war for people” is spreading across China, with major cities taking it in turns to ease residency requirements amid stubbornly low fertility rates and ...
China's real estate market picks up following optimized policies adopted in major cities
VCG. Real estate markets in China's first-tier cities are picking up following optimized policies nearly one month after ...
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China's Shenzhen named 'Smart City of 2024' at Barcelona expo
BARCELONA -- Shenzhen, a booming city and leading technology hub in southern China, has been awarded "Smart City of 2024" at ...