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 Reviews Plan to Refinance Local Governments’ Hidden Debt
China’s top legislative body reviewed a proposal to move some local governments’ off-balance-sheet debt onto their official accounts, a highly-anticipated move to ease their financial burden that has been foreshadowed by officials.
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 reviews plan to increase local government debt
A closely watched meeting of China’s parliament on Monday reviewed a proposal to raise the local government debt limit, according to state media.
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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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 ...
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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 ...
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China to raise local government debt ceiling to boost struggling economy
BEIJING: China said on Friday (Nov 8) lawmakers had agreed to raise the local government debt ceiling by US$840 billion, ...
China approves plan to raise local government debt limit in fresh round of stimulus
China's top legislative body - the National People's Congress (NPC) - on November 8 approved the State Council's proposal to ...