China’s stimulus falls short, as a showdown with Trump looms
Lan Fo’an, China’s finance minister, said that local governments would be allowed to issue extra bonds worth trillions of yuan to replace riskier “hidden” debts. These hidden liabilities typically belong to local-government financing vehicles ( LGFV s),
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 BEIJING -- China on Friday approved a 6 trillion yuan ($839 ...
China Reveals $1.4 Trillion Plan to Bail Out Local Governments
The support package came after smaller measures were announced to jump-start growth. Economists said it was not big enough to address China’s sluggish economy. By Meaghan Tobin and John Liu Meaghan Tobin reported from Taipei, Taiwan, and John Liu from Seoul.
China Unveils $1.4 Trillion Debt Swap, Saves Stimulus for Trump
China gave indebted local governments a 10 trillion yuan ($1.4 trillion) lifeline but stopped short of unleashing new stimulus, preserving room to respond to a potential trade war when Donald Trump takes office next year.
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
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China has increased military flights near Taiwan by 300%, U.S. general says
From May 2023 until November 2023, China violated Taiwan’s air defense identification zone 335 times, according to figures ...
China approves $1.4 trillion debt package in latest measure to boost flagging economy
Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s ...
Oil settles down 2% on receding hurricane risk, lackluster China stimulus
Oil prices settled more than 2% lower on Friday as traders grew less fearful of prolonged supply disruptions from a hurricane ...
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China unveils $1.4 trillion stimulus in effort to boost flailing economy
The outlook is grim for the world’s second largest economy, with growth slowing and the prospect of a new trade war following ...
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Economic upheaval and political opportunity – what Trump’s return could mean for China
China is bracing for what could be a volatile and highly unpredictable path ahead in its escalating great power rivalry ...
US lawmakers press top chip equipment makers for details on China sales
China hardliners in Congress are calling on the world's foremost semiconductor equipment makers - KLA , LAM , Applied ...
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 ...
House Committee Targets Chip Technology Firms for China Ties
It requested information from a handful of firms that make chip manufacturing possible about their commercial ties to China.
Cartier owner Richemont's profit miss, China caution hit luxury shares
Cartier jewellery owner Richemont reported a dip in quarterly sales on Friday, as the luxury goods group largely offset ...
Did China's Rover Zhurong Find Evidence of Water on Mars? Here's What We Know
A Chinese Mars rover may have found evidence of an ancient ocean on the arid Red Planet. According to a new paper in the ...