Holiday Sale | Save 50%
SubscribeLogin
Holiday Sale | Save 50%
Published

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

  • China has approved a plan worth 10 trillion yuan to help local governments manage their hidden debt, as stated by Finance Minister Lan Fo’an.
  • A debt limit of six trillion yuan will be available over three years to assist regional governments in replacing hidden debt, Lan Fo’an announced.
  • China aims to reduce its hidden debt from 14.3 trillion yuan to 2.3 trillion yuan by 2028 to prevent service disruptions and defaults.
Insights by Ground AI
Does this summary seem wrong?
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 61% of the sources are Center
61% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)

Similar News Topics

Donald TrumpDonald Trump
BusinessBusiness
China PoliticsChina Politics
MoneyMoney
AsiaAsia
Asian EconomyAsian Economy
Asian PoliticsAsian Politics
Trending Topics
App Store IconPlay Store Icon
CompanyAboutHistoryMissionBlogTestimonialsGroup SubscriptionsSubscribeGiftFree TrialCareersAffiliates
HelpHelp CenterFAQContact UsFor Educators/LibrariesMedia Bias RatingsOwnership and Factuality RatingsReferral CodeNews SourcesTopics
ToolsAppBrowser ExtensionDaily NewsletterBlindspot Report NewsletterBurst Your Bubble NewsletterTimelines
DonatePrivacy PolicyManage CookiesTerms and Conditions
© 2024 Snapwise Inc
News
For You
Search
BlindspotLocal