China approves $840B plan to refinance local government debt, boost slowing economy
China is expected to announce much-anticipated steps to boost its flagging economy at the end of this week's meeting of its legislature on Friday.
China unveils $1.4 trillion stimulus in effort to boost flailing economy
The outlook is grim for the world’s second largest economy, with growth slowing and the prospect of a new trade war following Donald Trump’s electoral victory.
China unveils $1.4tn package to shore up economy
China has announced a Rmb10tn ($1.4tn) fiscal package to bail out local governments and help shore up its faltering economy, as it braces for increased trade tensions with the US under Donald Trump.
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.
China Unveils $1.4 Trillion Debt Swap, Saves Stimulus for Trump
China gave indebted local governments a 10 trillion yuan ($1.4 trillion) lifeline but stopped short of unleashing new stimulus, preserving room to respond to a potential trade war when Donald Trump takes office next year.
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 Reveals $1.4 Trillion Plan to Bail Out Local Governments
The Chinese government on Friday approved a $1.4 trillion plan to revive the economy, authorizing local governments to refinance crushing debts that have left some cities unable to pay their bills. The move caps a series of steps that China’s leaders started rolling out in September to stimulate growth.
China Moves to Ease Debt Concerns—but Again Holds Off on Stimulus Measures
Investors’ hopes for large-scale support for the economy were dashed after an anticipatory stock-market surge in recent weeks.
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.
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