China Unveils $1.4 Trillion Debt Swap, Saves Stimulus for Trump
Officials unveiled details of a program to refinance “hidden” local debt onto public balance sheets at a press briefing in Beijing on Friday. Funds for that program — telegraphed last month but without a price tag or timeframe — will be provided ...
VIEW China raises local government debt ceilings to revive economy
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 unveils sweeping local govt debt swap to lift ailing economy
BEIJING: China on Friday (Nov 8) unveiled some of its most ambitious plans in years to lift local government debt, following a meeting of lawmakers eyeing the possibility of intensified trade tensions with US president-elect Donald Trump.
China Unveils New $1.4 Trillion Debt Swap Program
China announced a 10 trillion yuan ($1.4 trillion) program to refinance local government debt, as Beijing rolls out more measures to support a slowing economy and prepares to face new risks from the reelection of Donald Trump as US President.
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 US$839 billion debt swap to rescue local governments
China has announced a CNY6 trillion (approx. US$839 billion) program to refinance local government debt, as Beijing rolls out more measures to support a slowing economy facing new risks from the reelection of Donald Trump.
Reuters on MSN14h
Most Americans expect Trump to increase US debt, Reuters/Ipsos poll finds
Most Americans believe President-elect Donald Trump will push the U.S. government deeper into debt in his new term, though ...
The Associated Press - Business News on MSN14h
China approves $840B plan to refinance local government debt, boost slowing economy
China has announced a 6 trillion yuan ($839 billion) plan to help local governments refinance their mountains of debt in ...
China Nurses Its Debt Hangover
Beijing must spend trillions of yuan to undo decades of loose credit.
George Soros’ 1980s US debt warning echoes today
The stock market boom has diverted our attention from the fundamental deterioration in the financial position of the United ...
AOL15h
China approves $1.4 trillion debt package in latest measure to boost flagging economy
China has approved a 10 trillion yuan ($1.4 trillion) plan to bolster its ailing economy by allowing local governments to ...
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Learn how to pay debt off faster or reduce payments with a debt consolidation loan.
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The World's Largest Oil Producer Slips Into a Net Debt Position
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How a nonprofit is helping tackle medical debt for millions of Americans
If you think you are alone in dealing with medical debt, guess again.  Recent studies have shown that medical debt is the ...
Why credit card debt forgiveness is worth it even with more Fed rate cuts
But it's still a step in the right direction for borrowers, many of whom have contended with elevated rates on a variety of ...