China approves $1.4 trillion debt package in latest measure to boost flagging economy
China has approved a six trillion yuan ($837 billion) plan to bolster its ailing economy by allowing local governments to swap out their hidden debt, unveiling additional stimulus measures to counter a potentially volatile growth path marked by the impending return of Donald Trump to the White House.
China unveils $1.4tn package to shore up economy
China has announced a Rmb10tn ($1.4tn) fiscal package to bail out local governments and help shore up its faltering economy, as it braces for increased trade tensions with the US under Donald Trump.
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 Unveils $1.4 Trillion Package to Boost Economy. Investors Wanted More.
Chinese authorities unveiled details of a fiscal stimulus package Friday, in a continued bid to stabilize the world’s second-largest economy. The task has become more urgent now given how the trade war could escalate if President-elect Donald Trump follows through on his proposals to hit China with higher tariffs.
Live news: China unveils $1.4tn package to shore up economy
But the officials did not announce additional measures to directly stimulate domestic demand, potentially disappointing markets that had been hoping the package would also help consumers. The debt relief measures follow the announcement of a large monetary stimulus in September.
China unveils financial package aimed at boosting the economy
Beijing is hoping its plan will help bolster its ailing economy as it braces itself for increased trade tensions with the US under a Trump presidency. View on euronews
China unveils $1.4T stimulus package to ease massive local government debt
China has unveiled a $1.4T stimulus package over five years to ease the heavy debt burdens of local governments. Read more.
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