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 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 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 allocates billions to local governments to tackle hidden debt issues
NBC News' Janis Mackey Frayer in Beijing explains why China needs to revive its economy and prepare for a Trump administration.
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.
How China Plans To Cut Hidden Debt In Massive Shakeup
China has unveiled an ambitious plan to relieve public debt, aiming to turn local governments away from belt-tightening practices that have exacerbated a domestic downturn.
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.
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
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China Unveils $1.4 Trln Local Debt Package but No Direct Stimulus
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