China announces $1.4 trillion over five years to tackle local governments’ hidden debt
- China has approved a plan of 10 trillion yuan to reduce local governments’ hidden debt and support its economy.
- Finance Minister Lan Fo'an announced a debt limit of 6 trillion yuan for regional governments over three years.
- China's hidden debt was 14.3 trillion yuan at the end of 2023, with a goal to reduce it to 2.3 trillion yuan by 2028.
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Total News Sources0
Leaning Left6Leaning Right5Center16Last UpdatedBias Distribution59% Center
Bias Distribution
- 59% of the sources are Center
59% Center
L 22%
C 59%
R 19%
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