China announces $1.4 trillion over five years to tackle local governments’ hidden debt
- China has approved a plan to provide 10 trillion yuan to help local governments manage hidden debt and support the economy.
- Finance Minister Lan Fo’an stated that 6 trillion yuan will be available over three years to help regional governments reduce hidden debt.
- China's hidden debt at the end of 2023 was 14.3 trillion yuan , with a goal to reduce it to 2.3 trillion yuan by 2028.
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Total News Sources0
Leaning Left5Leaning Right4Center14Last UpdatedBias Distribution61% Center
Bias Distribution
- 61% of the sources are Center
61% Center
L 22%
C 61%
R 17%
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