China approves $837 billion debt package to boost its flagging economy
China has approved a six trillion yuan ($837 billion) plan to bolster its ailing economy by allowing local governments to swap out their hidden debt, unveiling additional stimulus measures to counter a potentially volatile growth path marked by the ...
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 approves $1.4 trillion debt package in latest measure to boost flagging economy
China has approved a six trillion yuan ($837 billion) plan to bolster its ailing economy by allowing local governments to swap out their hidden debt, unveiling additional stimulus measures to counter a potentially volatile growth path marked by the impending return of Donald Trump to the White House.
China Unveils $1.4 Trillion Package to Boost Economy. Investors Wanted More.
Chinese authorities unveiled details of a fiscal stimulus package Friday, in a continued bid to stabilize the world’s second-largest economy. The task has become more urgent now given how the trade war could escalate if President-elect Donald Trump follows through on his proposals to hit China with higher tariffs.
China to unveil much-anticipated economic stimulus package
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.
Live news: China unveils $1.4tn package to shore up economy
But the officials did not announce additional measures to directly stimulate domestic demand, potentially disappointing markets that had been hoping the package would also help consumers. The debt relief measures follow the announcement of a large monetary stimulus in September.
China expected to announce highly anticipated fiscal stimulus package
Authorities in Beijing have ramped up stimulus announcements since late September in an effort to bolster its flagging economy.
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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 ...
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 ...
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 Reveals $1.4 Trillion Plan to Bail Out Local Governments
The support package came after smaller measures were announced to jump-start growth. Economists said it was not big enough to ...
China is trying to fix its economy. Trump could derail those plans
Trump won the election on a platform that promised steep import taxes, including tariffs as high as 60% on Chinese-made goods ...
Why Trump tariffs pose a bigger threat to China’s economy this time
HONG KONG, Nov 6 (Reuters) - A threat by Donald Trump, who has been elected as the next U.S. president, to impose 60% tariffs ...
Analysis-Ready or Not? How China Scrambled to Counter the Second Trump Shock
Last month China ended a four-year military stand-off with India on their disputed border; in August, it resolved a two-year ...
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HSBC cuts prime rate by quarter point in second round of tonic for Hong Kong economy
Bank of China’s local unit matched the move, and other lenders are expected to follow suit. The UK banking group will trim ...