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.
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Total News Sources0
Leaning Left6Leaning Right5Center17Last UpdatedBias Distribution61% Center
Bias Distribution
- 61% of the sources are Center
61% Center
L 21%
C 61%
R 18%
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