China unveiled a 10 trillion yuan (US$1.4 trillion) program to help resolve a local government hidden debt crisis, as authorities moved to shore up a slowing economy facing fresh risks from the …
FINANCE
Just days after Trump’s victory, Steve Madden is getting out of China. But there’s a catch
President-elect Donald Trump has promised steep across-the-board tariffs on imports to the United States, with a particularly significant tax on goods coming from China. One US company, just two days after Trump’s reelection,
China to raise local govt debt ceiling to boost struggling economy
China said on Friday lawmakers had agreed to raise the local government debt ceiling by $840 billion, opening up new funds for its ailing economy as they eye the possibility
China Unveils $1.4 Trillion Debt Swap, Saves Stimulus for Trump
China’s boldest stimulus blitz since the pandemic has sent … which borrow on behalf of provinces and cities to finance investment in infrastructure. But local authorities have struggled to service …
China Announces $1.4 Trillion Debt Plan After Trump’s Re-Election
China unveiled a 10 trillion yuan ($1.4 billion) program to help local governments pay off debt and increase spending as its economy faces new risks from the …
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 …
China October bank lending seen declining despite policy measures: Reuters poll
China’s new yuan loans are expected to fall sharply in October from September, a Reuters poll showed on Friday, signalling weak credit demand even as the central bank ramps up policy stimulus to …
China’s foreign exchange reserves drop to $3.26105 trillion
BEIJING – China’s foreign exchange reserves totaled $3.26105 trillion at the end of October, down by $55.317 billion, or 1.67 percent, compared to the end of September, official data showed Thursday.
China’s Finance Ministry to Brief at 4 p.m. on Debt Swap Program
China will hold a briefing on a plan to allow local governments … The budget committee of the National People’s Congress and the Finance Ministry will speak with the media at the end of a…
Fed rate cut gives China room to move as Beijing eyes more economic stimulus
US Federal Reserve lowered its benchmark rate less than a day before China is expected to release its latest economic stimulus plan.
China expected to announce highly anticipated fiscal stimulus package
Authorities in Beijing have ramped up stimulus announcements since late September in an effort to bolster its flagging economy.
