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.
China announces $1.4 trillion local government debt swap, bonds package
China Friday announced a $1.4 trillion economic stimulus that includes a three-year local government re-finance plan for what was described as hidden debt. But it fell short of what many investors believe is needed.
China unveils $1.4 trln local debt package but no direct stimulus
China unveiled a 10 trillion yuan ($1.40 trillion) debt package on Friday to ease local government financing strains and stabilise flagging economic growth, as it faces fresh pressure from the re-election of Donald Trump as U.
China unveils $1.4 trillion package to address local government debt issues.
CNBC's Eunice Yoon joins 'The Exchange' to report on China's new debt package and the possibility for more stimulus in the future.
China $1.4 trillion local debt package:"This will help local government a lot"
CGTN Europe interviewed Zhang Zhiwei, President & Chief Economist at Pinpoint Asset Management.
China unveils $1.4T stimulus package to ease massive local government debt
China has unveiled a $1.4T stimulus package over five years to ease the heavy debt burdens of local governments. Read more.
China announces $1.4 trillion package over five years to address local governments’ ‘hidden’ debt
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