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 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 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 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.
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Local ski hills are preparing for the upcoming ski season this winter
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West Haven police investigate fatal stabbing at local bar
WEST HAVEN, CT (WFSB) - Police are investigating a fatal stabbing that occurred early this morning at a bar. At approximately ...
Rome police investigate shooting at local hotel
ROME, N.Y. — A man is in stable condition at a local hospital after being shot in the chest Saturday afternoon in Rome.
WJW-TV Cleveland on MSN1d
Elderly man shot after local road rage incident: Police
Police in Akron report a 39-year-old has been arrested after a road rage incident resulted in a “near-fatal” shooting of a 78 ...
As a local candidate who just lost, here is my advice
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After Johnson County began shifting toward Democrats more than a decade ago, the party this year continued to make inroads in ...
WJW-TV Cleveland on MSN1d
Local police seize laughing gas being sold to minors
Large amounts of nitrous oxide, also known as laughing gas, have been seized at two locations after reports it was being sold ...
Altoona Mirror1d
Ebensburg bridge named in honor of local veteran, former mayor
Dozens of friends, family and community leaders filled the Ebensburg VFW to memorialize the service Michael G. Tsikalas ...
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While the 2024 election is over, the implications of the vote will play out in Congress, the statehouse, and county boards ...
California Proposition 5 would lower the votes required to pass local bond measures. Here's what to know
California Proposition 5, a constitutional amendment, would change how many votes it would take for a community to pass a ...