Meanwhile, $112 billion "will be arranged from new local government special bonds every year for five consecutive years to ...

China on Friday approved a multi-billion dollar plan to help local governments refinance their mountains of debt in the ...

The Standing Committee of the National People's Congress approved on Friday an increase of 6 trillion yuan in the local ...

Lan Fo’an, China’s finance minister, said that local governments would be allowed to issue extra bonds worth trillions of ...

China Friday announced a $1.4 trillion economic stimulus that includes a three-year local government re-finance plan for what ...

Yakima City Council members have spent the last few weeks going over the city budget department by department while they face ...

China on Friday unveiled some of its most ambitious plans in years to lift local government debt and boost its economy, ...

SINGAPORE/SHANGHAI (Reuters) - China top legislative body approved a bill on Friday to allow local governments to issue 6 ...

China top legislative body approved a bill on Friday to allow local governments to issue 6 trillion yuan ($838.8 billion) in ...

China is expected to announce much-anticipated steps to boost its flagging economy at the end of this week's meeting of its ...

Friday's announcement is the latest in a string of stimulus measures China has taken to turn around its ailing economy.

China kicked off a fresh round of fiscal support on Friday for its sputtering economy with a package that eases debt ...