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 …
Tagged By finance
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.
China mandates banks for $2bln bond issuance in Saudi Arabia, term sheet shows
SYDNEY – China has mandated investment banks to work on a three- and five-year U.S. dollar bond issuance in Saudi Arabia, showed a term sheet reviewed by Reuters on Friday. The issuance will be senior…
China is saving its fiscal ‘firepower’ for Trump tariffs: Expert
Chinese stocks — according to the CSI 300 Index (000300.SS) — hit a one-month high on stimulus optimism from the government and better-than-expected export data despite concerns about the impact of President-Elect Donald Trump’s proposed…
China Congratulates Trump as Ties Set to Enter New Phase
China extended its congratulations to Donald Trump for his victory in the US election, while the president-elect reportedly spoke on the phone with Chinese leader Xi Jinping.Most Read from BloombergParis Restricts Through Traffic in City…
