SINGAPORE/SHANGHAI (Reuters) –     China top legislative body approved a bill on Friday to allow local governments to issue 6 trillion yuan ($838.8 billion) in bonds to swap for off-balance sheet or “hidden” debt over three years, as policymakers sought to spur the sluggish economy. The standing committee of the National People’s Congress (NPC) approved the bill during a meeting from Nov. 4 to 8. Finance Minister Lan Foan signalled further stimu…

WTVB

China raises local government debt ceilings to revive economy

The Standing Committee of the 14th National People's Congress on Friday approved a bill to raise the local government debt ceiling by 6 trillion yuan ($836.74 billion) to replace existing hidden debts of local governments.

Ecns

Central Committee of the Chinese Communist Party

China

China's top legislature approves bill to raise local government debt ceiling by 6 trillion yuan

HONG KONG/SHANGHAI -- China's top legislature on Friday said it will increase the limit of local government bonds to replace hidden debt, bringing the

Media Bias/Fact Check

Nikkei

Nikkei, Inc.

Japan

China unveils $1.4tn debt swap program to ease local government pain

All Sides

Midwest Communications

The Chinese People's Assembly has given the green light for billions of euros in state economic aid. The so-called Standing Committee of the National People's Congress has decided to increase the debt ceiling for the country's regions by the equivalent of 780 billion euros, state television broadcaster CCTV reported on Friday. Finance Minister Lan Fo'an told journalists in Beijing that the debt ceiling increase is valid for three years. This “mo…

Die chinesische Volksvertretung hat grünes Licht für staatliche Wirtschaftshilfen in Milliardenhöhe gegeben. Der sogenannte Ständige Ausschuss des nationalen Volkskongresses habe entschieden, die Schuldenobergrenze für die Regionen des Landes um umgerechnet 780 Milliarden Euro zu erhöhen, berichtete der staatliche Fernsehsender CCTV am Freitag. Finanzminister Lan Fo'an sagte vor Journalisten in Peking, die Anhebung der Schuldenobergrenze gelte f…

Milliarden-Wirtschaftshilfe: China hebt Schuldengrenze für Regionen an

stern.de

Bertelsmann Stiftung

Germany

Billions in economic aid: China raises debt limit for regions

The objective is to solve the problem of “hidden” debt accumulated by local governments and which poses risks to the economy.

O objetivo � resolver o problema da d�vida "oculta" acumulada pelos governos locais e que coloca riscos � economia.

China aumenta tecto da d�vida dos governos locais para impulsionar economia

Jornal de Negócios

Cofina

Porto

Porto District

Portugal

China increases local government debt ceiling to boost economy

China has announced one of its most ambitious plans in years to reduce local government debt and boost the economy, unveiled Friday after the week-long session of China's parliament.

China heeft een van zijn meest ambitieuze plannen in jaren aangekondigd om de schulden van lokale overheden te verminderen en de economie te stimuleren. De plannen werden vrijdag onthuld na afloop van de bijeenkomst van het Chinese parlement, die de hele week duurde.

China pakt schulden lokale overheden aan om economie te steunen

rd.nl

Apeldoorn

Gelderland

Netherlands

China tackles local government debt to support economy

The Chinese leadership has approved billions in state economic aid.

Die chinesische Führung hat staatliche Wirtschaftshilfen in Milliardenhöhe gebilligt.

Peking - Milliarden-Wirtschaftshilfe: China hebt Schuldengrenze für Regionen

Deutschlandfunk

Deutschlandradio

Beijing - Billions in economic aid: China raises debt limit for regions

China on Friday unveiled some of its most ambitious plans in years to lift local government debt and boost its economy, following a meeting of lawmakers eyeing the possibility of intensified trade tensions with US president-elect Donald Trump.

IBTimes Australia

IBT Media

Australia

China Unveils Sweeping Local Govt Debt Swap To Lift Ailing Economy

China said on Friday lawmakers had agreed to raise the local government debt ceiling by US$840 billion, opening up new funds for its ailing economy.

China raises local government debt ceilings to revive economy

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