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 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 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.
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 ...
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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 ...
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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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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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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 ...