China unveils $1.4 trillion 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 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 the latest push to rev up growth in the world’s second largest economy
China To Raise Local Govt Debt Ceiling By $840 Bn To Boost Economy: State Media
China's top lawmakers have approved a proposal to increase the debt ceiling for local governments by $840 billion, state media said Friday as a key meeting wrapped up in Beijing.
China kicks off $1.4 trln in fiscal support with local government debt swaps
China kicked off a fresh round of fiscal support on Friday for its sputtering economy with a package that eases debt repayment strains for local governments, with Finance Minister Lan Foan signalling further stimulus in the pipeline.
China unveils sweeping local govt debt swap to lift ailing economy
China on Friday unveiled some of its most ambitious plans in years to lift local government debt and boost its economy, following a meeting of lawmakers eyeing the possibility of
China to raise local govt debt ceiling to boost struggling economy
China said on Friday lawmakers had agreed to raise the local government debt ceiling by $840 billion, opening up new funds for its ailing economy as they eye the possibility
Analysts react to China raising local government debt ceilings
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.
Mexico arrests local security chief for murder of Chilpancingo mayor
MEXICO CITY - Mexican law enforcement announced on Tuesday the arrest of a top municipal security official for the ...
Legitimacy of two Victorian Local Government elections in question after duplicate votes detected
A suspicious number of multiple returns — defined as more than one postal ballet pack returned from a single voter — were ...
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FEMA extends deadline for local governments and nonprofits in Georgia
AUGUSTA, Ga, (WFXG) - FEMA has extended the deadline for governments and nonprofits in Georgia to apply for federal disaster ...
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Report: Baltimore County government racked up more than $17k in unpaid tolls
From January 2022 to March of 2024, Baltimore County reportedly racked up $17,289.13 in unpaid tolls. During that period ...
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AMENDMENT 5: How will the approved amendment impact local government?
The victory of Amendment 5 in Florida is being touted as a win for lowering taxes for homeowners. Now approved and ready to ...
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.
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How State Government Can Keep Pace With Artificial Intelligence
The discourse has evolved drastically in the past year, moving from discussing the potential benefits for state and local government to focusing on the “how.” How can our department effectively ...
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China announces $1.4 trillion package over five years to tackle local governments' 'hidden' debt
China on Friday announced a five-year package totaling 10 trillion yuan ($1.4 trillion) to tackle local government debt ...
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Chinese Provincial Governments Turn to Extortion
As local governments in China contend with the country’s sluggish economy, some are reportedly shaking down successful ...