China announces $1.4 trillion over five years to tackle local ...

China Announces $1.4 Trillion Over Five Years To Tackle Local ...

1 week from now

Nov 8, 2024  · China announces $1.4 trillion over five years to tackle local governments’ hidden debt. The program takes effect this year and will run through the end of 2026, officials said. It …

nbcnews.com

China Unveils $1.4 Trillion Local Debt Package But No Direct Stimulus

1 week from now

Nov 8, 2024  · China unveiled a 10 trillion yuan ($1.40 trillion) debt package on Friday to ease local government financing strains and stabilise flagging economic growth, as it faces fresh …

reuters.com

What You Need To Know About China's $1.4 Trillion Debt Package

1 week from now

Nov 10, 2024  · This raises their special bond quota to 35.52 trillion yuan, and their overall debt ceiling to 52.79 trillion. China's local government debt under official quotas was at 40.74 trillion …

reuters.com

China Moves To Tackle $1.4 Trillion Local Government Debt

1 week from now

Nov 8, 2024  · The backdrop to this move is troubling; local authorities have been grappling with hidden debts for years, largely accrued through off-the-books financing vehicles. These debts, …

evrimagaci.org

China Backs $1.4 Trln For Local Government Debt Swaps

1 week from now

Nov 8, 2024  · Mountain of debt since 2008. China is struggling to tackle the side-effects from a mountain of debt left from previous stimulus since the global crisis of 2008 and 2009. This …

asiafinancial.com

China Unveils $1.4 Trillion Debt Swap, Saves Stimulus For Trump

1 week from now

Nov 8, 2024  · China has announced a 6 trillion yuan ($839 billion) program to refinance local government debt, as Beijing rolls out more measures to support a slowing economy facing …

bnnbloomberg.ca

China Announces $1.4 Trillion Local Government Debt Swap, Bonds …

1 week from now

Nov. 8 (UPI) -- China Friday announced a $1.4 trillion economic stimulus that includes a three-year local government refinance plan to help deal with what was described as hidden debt. But …

msn.com

China Kicks Off $1.4 Trln In Fiscal Support With Local Government …

1 week from now

Nov 8, 2024  · Central and local government debt totalled 147 trillion yuan at the end of 2023, or 117% of GDP, according to the IMF. REUTERS Join ST's Telegram channel and get the latest …

straitstimes.com

China’s Third Plenum To Tackle Local Government Debt, Fiscal …

1 week from now

Nov 9, 2024  · Local government debt in China has reached staggering levels, with official statistics placing it at around $5.6 trillion at the end of 2023. This figure represents more than …

thefinancialanalyst.net

China Unveils $1.4T Stimulus Package To Ease Massive Local …

1 week from now

Nov 8, 2024  · William_Potter. China has unveiled a $1.4T stimulus package over five years to ease the heavy debt burdens of local governments and support economic growth. The …

seekingalpha.com

China's Lawmakers Review Bill To Raise Local Government Debt …

1 week from now

Nov 4, 2024  · Reuters reported last week that China is considering approving new debt issuance of more than 10 trillion yuan ($1.4 trillion) to tackle hidden local government debt and fund …

reuters.com

China Unveils $1.7 Trillion Package To Address Mounting Local …

1 week from now

Nov 8, 2024  · China’s Ministry of Finance has announced a five-year, 12 trillion yuan ($1.7 trillion) plan to address local government debt pressures through structured debt swaps, special …

thediplomat.com

China Kicks Off $1.4 Trln In Fiscal Support With Local Government …

1 week from now

Beijing will let local governments allocate 10 trillion yuan ($1.40 trillion) towards reducing off-balance sheet, or "hidden" debt, as concerns about China's long-term outlook have been …

msn.com

China Announces $1.4 Trillion Over Five Years To Tackle Local ...

1 week from now

Nov 8, 2024  · BEIJING — China on Friday announced the central government would allocate an additional 6 trillion yuan ($840 billion) to local governments for tackling hidden debt issues. …

allsides.com

China Announced A $1.4 Trillion Plan To Rescue Local Governments ...

1 week from now

Nov 8, 2024  · Reuters reported last week that China's top legislative body was considering a plan to raise $1.4 trillion in extra debt over the next few years to fund part of an economic rescue …

businessinsider.com

China Unveils $837 Billion Debt Swap To Tackle Local Government …

1 week from now

Nov 8, 2024  · China is taking a major step to address the growing risk posed by local government debt, announcing a plan to swap 6 trillion yuan ($837.7 billion) in off-balance sheet or "hidden" …

nasdaq.com

China Reveals $1.4 Trillion Plan To Bail Out Local Governments

1 week from now

Nov. 8, 2024. 阅读简体中文版 閱讀繁體中文版. The Chinese government on Friday approved a $1.4 trillion plan to revive the economy, authorizing local governments to refinance crushing ...

nytimes.com

China Approves $838bn Debt Swap To Ease Strain On Local …

1 week from now

Nov 8, 2024  · HONG KONG/SHANGHAI -- China's top legislature on Friday said it will increase the limit of local government bonds to replace hidden debt by 6 trillion yuan ($838 billion), …

nikkei.com

Analysts React To China Raising Local Government Debt Ceilings

1 week from now

Nov 8, 2024  · 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 …

reuters.com

The Local Government Debt That Threatens China’s Economy

1 week from now

Aug 24, 2023  · Guizhou’s debt totalled Rmb1.2tn ($165.7bn) at the end of 2022. With a debt-to-gross domestic product ratio of 62 per cent, it is one of the most indebted provinces in the …

ft.com