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 ...
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 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 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 Disappoints Investors With $1.4 Trillion Debt-Swap Plan
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world China unveiled a much-anticipated 10 trillion yuan ($1.
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 ...
Most Americans expect Trump to increase US debt, Reuters/Ipsos poll finds
WASHINGTON, Nov 8 (Reuters) - Most Americans believe President-elect Donald Trump will push the U.S. government deeper into ...
Is Kamala Harris' Campaign $20M in Debt? What We Know
Kamala Harris' presidential election campaign ended the 2024 White House contest "at least $20 million in debt," according to Politico's California bureau chief Christopher Cadelago. Cadelago made the ...
Best Debt Consolidation Loans of 2024
Paying a pile of bills takes time and costs more than it should. Find out which lenders can help you streamline the process ...
China unveils steps to tackle 'hidden' debt of local governments
BEIJING, Nov 8 (Reuters) - China will let local governments issue an additional 6 trillion yuan ($837.7 billion) in bonds to ...
How Does Debt Consolidation Work?
Learn how to pay debt off faster or reduce payments with a debt consolidation loan.
Opinion
Trump needs to tackle the national debt
Trump’s electoral victory will be much less meaningful if he leaves office in four years without addressing our debt and deficit problems.
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The World's Largest Oil Producer Slips Into a Net Debt Position
The world’s largest oil producer may have just been pushed into a net debt position for the first time in two years.
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Can medical debt affect your credit?
Americans are carrying more than $220 billion in medical debt, according to the Kaiser Family Foundation: Approximately 14 million people (6% of U.S. adults) owe more than $1,000 in medical bills ...
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 ...