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China unveils fiscal stimulus measures to revive growth
Oct 12, 2024 · The government has allocated 1.2 trillion yuan ($169.81 billion) in local bond quotas this year to help resolve existing hidden debts and settle government arrears to firms.
China to step up policy adjustments amid tortuous recovery
Jul 24, 2023 · China's top leaders pledged on Monday to step up policy support for the economy amid a tortuous post-COVID recovery, focusing on boosting domestic demand, signalling more stimulus steps.
China's leaders meet to discuss growth targets for 2024, say sources
Dec 11, 2023 · China's leaders started a closed-door meeting on Monday to discuss economic targets and map out stimulus plans for 2024, four sources familiar with the matter said.
China unveils $1.4 trillion local debt package but no direct stimulus
Nov 8, 2024 · 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 ...
China flags more fiscal stimulus for economy, leaves out key …
Oct 12, 2024 · China finance ministry says will ramp up debt issuance; Size of fiscal stimulus unclear, expected to unnerve markets; Beijing says will support indebted local governments
China's central bank unveils most aggressive stimulus since …
BEIJING, Sept 24 (Reuters) - China's central bank on Tuesday unveiled its biggest stimulus since the pandemic to pull the economy out of its deflationary funk and back towards the government's ...
China's Jan-Nov government land sales revenue falls 22.4% y/y
Dec 16, 2024 · The central government has recently approved use of local governments' special bond proceeds for buying idle land or increasing the reserve of land for sale.
VIEW China's briefing on stimulus gets lukewarm investor reception
SINGAPORE, Oct 12 (Reuters) - China said on Saturday it will "significantly increase" government debt issuance to offer subsidies to people with low incomes, support the property market and ...
Analysts react to China raising local government debt ceilings
Nov 8, 2024 · 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 ...