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 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.
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 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.
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 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 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 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 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 Debt Swap to Help Local Governments
China unveiled a 10 trillion yuan ($1.4 trillion) program to help resolve its local government debt crisis, as authorities moved to shore up a slowing economy facing fresh risks from the reelection of Donald Trump.
WPTV-TV11h
AMENDMENT 5: How will the approved amendment impact local government?
The victory of Amendment 5 in Florida is being touted as a win for lowering taxes for homeowners. Now approved and ready to ...
East Bay Times17h
Cindy Chavez: A message as I leave office — local government does work
Local government can work responsively and pragmatically. We can make a dent in local, national and global problems in ...
Government Product News5d
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 ...
Republicans halt Johnson County’s blue shift in state races. Local contests are different
A Johnson County business owner, Storm called for extreme changes to local government to include the elimination or ...
China unveils $1.8 tn package to help debt-ridden local governments but falls short of providing strong stimulus
China announced a whopping 10 trillion yuan in debt support to local governments that are struggling. Apart from the debt ...
Human Rights Watch3d
Türkiye: Government Removes Elected Opposition Mayors
The Erdoğan government’s decision in recent days to remove from office four democratically elected mayors and dissolve ...
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 ...