Executives at Chinese state-owned banks probably have one of the financial world’s most thankless jobs. Beijing has loosened capital rules and pledged to inject new equity into its top six lenders to …
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Explained | What you need to know about China’s $1.4 trillion debt package?
China’s local government debt under official quotas was at 40.74 trillion yuan at the end of 2023, finance ministry data show. The new funds will help repay debt accumulated through local government …
How China plans to tackle 6t yuan hidden debt crisis with bold swap plan in economic shakeup
China has unveiled an ambitious plan to relieve public debt, aiming to turn local governments away from belt-tightening practices that have exacerbated …
China unveils financial package aimed at boosting the economy
Beijing is hoping its plan will help bolster its ailing economy as it braces itself for increased trade tensions with the US under a Trump presidency. View on euronews …
How China plans to cut hidden debt in massive shakeup
China has unveiled an ambitious plan to relieve public debt, aiming to turn local governments away from belt-tightening practices that have exacerbated a domestic downturn. The new debt plan is part …
China to strengthen financial support for economy’s high-quality development: report
BEIJING — The Chinese government will continue to improve the quality and efficiency of financial services, encourage financial institutions to optimize loan structure, strengthen financial support for new quality productive forces, and intensify the cultivation…
China searches for safe havens amid US debt woes, dollar weaponisation
Ever since the US dollar cemented its role as the backbone of the global financial system following the second world … concerns have grown in China and elsewhere over whether the US dollar can remain…
Taiwan Semiconductor to halt making advanced AI chips for China next week: report
Taiwan Semiconductor (NYSE:TSM) will no longer build advanced artificial intelligence processors for Chinese companies as of next week, amid the push from the U.S. to impede China’s ambitions, the Financial Times reported.
China launches $1.4 trillion plan to bail out local governments
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 …
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 …
