China approves $840B plan to refinance local government debt, boost slowing economy
BEIJING — China on Friday approved a 6 trillion yuan ($839 billion) plan to help local governments refinance their mountains of debt, in the latest push to rev up growth in the world’s second largest economy. The plan will be implemented over the next ...
China announces $1.4 trillion over five years to tackle local governments’ hidden debt
China on Friday announced the central government would allocate an additional 6 trillion yuan ($840 billion) to local governments for tackling hidden debt issues.
Analysts react to China raising local government debt ceilings
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.
China approves $839 billion refinancing of local government debt in fresh stimulus
Beijing is attempting to shore up support for a slowing Chinese economy that is facing new threats of tariff curbs after the re-election of Donald Trump as the US President.
China To Raise Local Govt Debt Ceiling By $840 Bn To Boost Economy: State Media
China's top lawmakers have approved a proposal to increase the debt ceiling for local governments by $840 billion, state media said Friday as a key meeting wrapped up in Beijing.
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 further stimulus in the pipeline.
China unveils sweeping local govt debt swap to lift ailing economy
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
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
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AMENDMENT 5: How will the approved amendment impact local government?
The victory of Amendment 5 in Florida is being touted as a win for lowering taxes for homeowners. Now approved and ready to ...
China just announced a $1.4 trillion plan to rescue its local governments
Friday's announcement is the latest in a string of stimulus measures China has taken to turn around its ailing economy.
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Cindy Chavez: A message as I leave office — local government does work
Local government can work responsively and pragmatically. We can make a dent in local, national and global problems in ...
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Local governments are less impacted by polarization, survey finds
Political polarization is having a substantially negative impact on the nation, according to 87% of local government leaders ...
Republicans halt Johnson County’s blue shift in state races. Local contests are different
A Johnson County business owner, Storm called for extreme changes to local government to include the elimination or ...
China unveils $1.8 tn package to help debt-ridden local governments but falls short of providing strong stimulus
China announced a whopping 10 trillion yuan in debt support to local governments that are struggling. Apart from the debt ...
State and local debt in California is over half a trillion dollars
California’s state and local governments must focus on paying down debt rather than waiting until the only option is raising ...