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…
Monthly Archives For November 2024
Make New Friends and Boost Hiring: How China’s Chip Industry Plans to Deal With Trump
BEIJING/SINGAPORE (Reuters) – China’s semiconductor industry is readying itself for four more combative years under Donald Trump as U.S. president by ramping up purchases of foreign chipmaking equipment and looking out for opportunities to hire…
China announces $1.4 trillion package over five years to tackle local governments’ ‘hidden’ debt
The program takes effect this year and will run through the end of 2026, China’s Minister of Finance Lan Fo’an told reporters. That breaks down to around 2 trillion yuan a year. It was widely…
China announces $1.4 trillion package over five years to tackle local governments’ ‘hidden’ debt
The program takes effect this year and will run through the end of 2026, China’s Minister of Finance Lan Fo’an told reporters. That breaks down to around 2 trillion yuan a year. It was widely…
China kicks off $1.4 trln in fiscal support with local government debt swaps
China kicked off a fresh round of fiscal support on Friday for its sputtering economy with a package that eases debt repayment strains for local governments, with Finance Minister Lan Foan signalling …
Taiwan Oct exports miss expectations as China weighs
Taiwan’s exports rose less than expected in October, as benefits from the booming artificial intelligence (AI) industry were countered by the sluggish economy of top trading partner China.
India’s April-Sept steel imports led by China, govt data shows
India’s imports of steel over the period from April to September were led by shipments from China, according to provisional government data reviewed by Reuters on Friday, and the South Asian nation remained a net…
Swiggy’s $1.4 billion IPO oversubscribed as investors bet on quick-commerce boom
Food and grocery delivery firm Swiggy’s $1.4 billion initial public offering was oversubscribed on Friday, as institutional investors rushed in with orders on the final day of India’s second-largest …
China Reveals $1.4 Trillion Plan to Bail Out Local Governments
The massive support package came after a series of smaller measures in recent weeks were announced to jump-start growth in China’s sluggish economy.
China unveils steps to tackle ‘hidden’ debt of local governments
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…
China unveils steps to tackle ‘hidden’ debt of local goverments
China will allow local governments to issue 6 trillion yuan ($838.77 billion) in bonds to swap for off-balance sheet or “hidden” debt over three years, an official said on Friday.
China’s stimulus plans are choking the profitability of its megabanks, analysts say
The country’s banking industry has grappled with weakening profitability under the weight of lower mortgage rates and ailing credit demand.
Forum hears economists’ prescriptions for curing China’s property woes
Beijing has been urged to take further action to ensure a soft landing for China’s economically important property sector, as the country focuses on preventing debt shocks, restoring market confidence …
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