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China on Friday announced the central government would allocate an additional 6 trillion yuan ($840 billion) to local governments for tackling hidden debt issues.

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Reuters

United Kingdom

China unveils steps to tackle 'hidden' debt of local governments

China Finance Minister Lan Fo’an told a press conference Friday the six trillion yuan debt limit would be made available over three years to help regional governments replace their so-called “hidden debt".

Media Bias/Fact Check

News18 India

Mukesh Ambani

India

China Approves $837 Billion Debt Package to Boost Its Flagging Economy

China will let local governments issue an additional 6 trillion yuan ($837.7 billion) in bonds to swap for off-balance sheet or "hidden" debt over three years, an official said on Friday, in a crucial step to lower systemic risks in the flagging economy.

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China has approved a six trillion yuan ($837 billion) plan to bolster its ailing economy by allowing local governments to swap out their hidden debt, unveiling additional stimulus measures to counter a potentially volatile growth path marked by the impending return of Donald Trump to the White House.

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China approves $837 billion debt package to boost its flagging economy

China on Friday approved a 6 trillion yuan ($839 billion) plan to help local governments refinance their mountains of debt, the latest push to rev up growth in the world's second-largest economy.

Washington Times

The Washington Times LLC

China approves $840B plan to refinance local government debt, boost slowing economy

By Juliana Liu, CNN Hong Kong (CNN) — China has approved a 10 trillion yuan ($1.4 trillion) plan to bolster its ailing economy by allowing local governments to swap out their hidden debt, unveiling additional stimulus measures to counter a potentially volatile growth path marked by the impending return of Donald Trump to the White House. Finance Minster Lan Fo’an told a Friday press conference the six trillion yuan ($838 billion) debt limit woul…

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China approves $1.4 trillion debt package in latest measure to boost flagging economy

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China’s top legislative body approved additional debt relief for local governments and promised more support next year.

South China Morning Post

Alibaba Group

Hong Kong

China adds 6 trillion yuan in relief for ‘debt bombs’ – as it happened

BEIJING: China is expected to unveil a huge support package for its struggling economy on Friday (Nov 8) as officials wrap up a key meeting eyeing the possibility of intensified trade tensions with US President-elect Donald Trump. Economists predict Beijing will approve hundreds of billions of dollars

Channel News Asia

Government of Singapore

Singapore

China poised to approve more help for ailing economy

Authorities in Beijing have ramped up stimulus announcements since late September in an effort to bolster its flagging economy.

CNBC

Roberts family

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

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

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

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