China announces $1.4 trillion over five years to tackle local governments’ hidden debt

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

China kicks off US$1.4t in fiscal support with local government debt swaps

BEIJING: 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. © New Straits Times Press (M) Bhd

China unveils $1.4 trillion debt relief package to revive its economy

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. The world's second-largest economy has sputtered over the past year, facing strong deflationary pressures amid weak demand, a property crisis and mounting financing strains on local governments, with the outlook fur

To revive sluggish economy, China announces $1.4 tn bailout package for local govts

As China appears set to miss the 5% annual growth target amid continuing economic woes, the Standing Committee of the National People’s Congress (NPC) has approved a $1.4 trillion (10 trillion Yuan) package to refinance the unsustainable debt of local governments

China kicks off $1.4 trln in fiscal support with local government debt swaps

BEIJING - 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.