China just announced an $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.
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 bonds to swap for off-balance sheet or "hidden" debt over three years, as policymakers sought to spur the sluggish 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 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.
China raises local government debt ceilings to revive economy
SINGAPORE/SHANGHAI (Reuters) -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,
China unveils $1.4 trillion package to address local government debt issues.
CNBC's Eunice Yoon joins 'The Exchange' to report on China's new debt package and the possibility for more stimulus in the future.
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
China approves $840B plan to refinance local government debt, boost slowing economy
The plan will be implemented over the next three years, Xu Hongcai, vice-chairman of the National People's Congress's financial and economic committee, said
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Chinese legislators eye local debt relief
China's top legislative body reviewed a proposal to transfer some off-balance ... proceeds from special bonds to buy unsold homes to reduce housing inventory, after a Chinese leaders' pledge to ...
Top Chinese lawmakers meet to discuss long-awaited stimulus, but economists remain pessimistic
While some investors hope for a fiscal stimulus package large enough to raise consumer confidence, many analysts expect a let ...
China Moves to Ease Debt Concerns—but Again Holds Off on Stimulus Measures
Investors’ hopes for large-scale support for the economy were dashed after an anticipatory stock-market surge in recent weeks ...
Chinese officials told to stop avoiding media questions about emergencies
Commentary in legal newspaper warns officials not to give ‘no comment’ answers – but some observers warn it will be easy to ...
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Chinese courts strengthen role in IP, environmental cases to boost innovation
Chinese courts have stepped up efforts to handle administrative cases in areas such as intellectual property and ...
Janet Yellen and Chinese central banker discuss financial monitoring and money laundering
US Treasury Secretary Janet Yellen has met with China's deputy central bank governor Xuan Chengneng in Washington this week ...
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China's Xi Urges Missile Troops to Boost Deterrence, Combat Capabilities
and aerospace defence industry executives removed from the national legislative body. In June, Xi said there were "deep-seated problems" in the Chinese military's politics, ideology, work style ...