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 ...
China announces $1.4 trillion over five years to tackle local governments’ hidden debt
China on Friday announced the central government would allocate an additional 6 trillion yuan ($840 billion) to local governments for tackling hidden debt issues.
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.
VIEW China raises local government debt ceilings to revive economy
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 Extends Lifeline to Local Governments But Holds Off on Big Stimulus
The country’s top legislative body gave its green light for local governments to swap some of their mounting off-balance-sheet debts but stopped short of new fiscal stimulus measures to revive the struggling economy.
China announces $1.4 trillion package over five years to address local governments’ ‘hidden’ debt
China announces $1.4 trillion package over five years to address local governments’ ‘hidden’ debt
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 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 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.
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 unveils steps to tackle 'hidden' debt of local governments
BEIJING, Nov 8 (Reuters) - China will let local governments issue an additional 6 trillion yuan ($837.7 billion) in bonds ...
How Donald Trump and Elon Musk Could Cut $2 Trillion in Government Spending
If Musk is truly serious about fiscal discipline, he'll advise the president-elect to eschew many of the policies he promised ...
Government Product News3d
Local governments are less impacted by polarization, survey finds
Political polarization is having a substantially negative impact on the nation, according to 87% of local government leaders ...
The Tufts Daily3d
Local government workers experience lasting strain from pandemic
Four years after 2020, the country is still reckoning with the effects of the COVID-19 pandemic and the presidential election ...
The Nassau Guardian1d
New Local Government Bill tabled
The new Local Government Bill, 2024, will be a “pivotal milestone” in the life of local government in The Bahamas, Minister ...