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China unveils $1.4 trln local debt package but no direct stimulus
China unveiled a 10 trillion yuan ($1.40 trillion) debt package on Friday to ease local government financing strains and stabilise flagging economic growth, as it faces fresh pressure from the re-election of Donald Trump as U.
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.
How China plans to cut 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 Unveils $1.4 Trillion Debt Swap to Help Local Governments
China announced a 10 trillion yuan ($1.4 trillion) program to refinance local government debt, as Beijing rolls out more measures to support a slowing economy facing new risks from the reelection of Donald Trump.
Global Times
6h
‘From Chancay to Shanghai’: A revelation of the times: Global Times editorial
Apart from that, Chancay Port represents openness and win-win cooperation, with a radius that extends far beyond
China
and ...
6h
China’s C919 set to soar higher as key engine provider GE vows stable supplies
Assurance comes at critical time for Comac’s plans to ramp up production, as supply chain issues plague global aircraft ...
2d
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 ...
2d
on MSN
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 ...
中国日报网
2d
Mondelez acquires majority stake in Shanghai company as it eyes China expansion
Mondelez International Inc, the United States snack food manufacturer, announced early this week that its China branch has ...
2d
China's latest stimulus falls short of expectations
SHANGHAI
/SINGAPORE, Nov 8 (Reuters) - Investors hoping
China
would announce extra fiscal buffers for an economy girding ...
2d
Analysis-Ready or not? How China scrambled to counter the second Trump shock
After Donald Trump first stormed the White House eight years ago, rattled Chinese leaders responded to his tariffs and fiery ...
2d
Read Your Way Through Shanghai
Shanghai straddles the past and the future, a dizzying prism of many histories and cultures. The poet Sally Wen Mao shares ...
Hosted on MSN
12h
China-Canada direct flights resume and expand starting November 10
Direct flights between China and Canada will resume and expand from November 10, connecting four Chinese cities with Toronto and Vancouver.
Bloomberg L.P.
4d
China Data Center Firm Shanghai DC-Science Seeks Private Loan
Shanghai
DC-Science Co., a Chinese data center developer and operator, is seeking private debt of about $600 million to ...
riazor
16h
Say goodbye to death – China has achieved the impossible – you will be immortal
In a history-making exercise, the Fudan University in Shanghai (China) not only broke a previously held record but managed to ...
Hosted on MSN
2d
Cartier's ‘Magical' Exhibition In Shanghai Marks 60 Years of China-France Relations
SHANGHAI
– Just in time for the celebration of the 60th anniversary of diplomatic ties between
China
and France, Cartier ...
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