China’s stimulus needs more than ‘patchwork policies’ after new debt-relief plan
Economists spoke after Beijing unveiled its debt-relief plan following a week-long meeting of China’s top legislative body.
China approves $839 billion refinancing of local government debt in fresh stimulus
Beijing is attempting to shore up support for a slowing Chinese economy that is facing new threats of tariff curbs after the re-election of Donald Trump as the US President.
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 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.
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 unveils new ‘hidden debt’ scheme for local governments
Policymakers approved a proposal to swap six trillion yuan ($840 billion) of hidden debt belonging to local governments
China's Slowing Inflation and Rising Deflation Prompt $1.4 Trillion Debt Relief Plan
Trillion Debt Relief Amid Slowing Inflation In October, Chinas consumer prices grew at a slower pace, while deflation deepened in its manufacturing sector. This economic slowdown has
China Unveils $1.4 Trillion Debt Relief Plan To Alleviate Local Government Debt
China announced a nearly $1 trillion five-year plan aimed at alleviating local government debt and driving economic growth. The program will allocate funds annually and issue special bonds over five years to reduce hidden debt.
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 ...
China Bond Market Eyes Fiscal Plans From Key Legislative Meeting
China’s bond traders are watching a key legislative meeting this week where lawmakers are expected to approve a fiscal ...
China’s US$35.5 billion research fund needs more precision to win hi-tech race: minister
Education minister Huai Jinpeng briefs NPC Standing Committee on funding initiative’s successes but says more work required.
Hereditary peer compares Starmer to China’s Xi as MPs vote to abolish bloodline members
Labour bill has enraged some hereditary peers, but was also criticised by other lords for failing to go far enough ...
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China's Next Stimulus Package Is Unlikely to Put Market Fully at Ease
Chinese lawmakers are gathering in the shadow of the US election to sign off on a fiscal package that’s set to run into the ...
China Struggles to Shake Off Deflationary Pressures as Consumer Prices Edge Higher
China’s consumer prices edged up in October, while factory-gate prices continued to decline, underscoring the challenges ...
China’s FM, top legislature condemn so-called Philippine maritime act
China's top legislature, on Friday expressed firm opposition to and strong condemnation of the Philippines' introduction of ...
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China's top legislature approves first energy law
Photo by SONG WEIXING/FOR CHINA DAILY] China's first energy law was approved on Friday at the 12th session of the Standing ...
China’s Coming Stimulus Is Necessary but Likely Insufficient
Beijing looks set to do just enough to stabilize the situation, but not enough to spur growth.