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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 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 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 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.
WJW-TV Cleveland on MSN
1d
Local police seize laughing gas being sold to minors
Large amounts of nitrous oxide, also known as laughing gas, have been seized at two locations after reports it was being sold ...
11h
on MSN
West Haven police investigate fatal stabbing at local bar
WEST HAVEN, CT (WFSB) - Police are investigating a fatal stabbing that occurred early this morning at a bar. At approximately ...
6h
on MSN
Rome police investigate shooting at local hotel
ROME, N.Y. — A man is in stable condition at a local hospital after being shot in the chest Saturday afternoon in Rome.
19h
Angela Rayner opens door to four-day working week in local councils
While it is not official government policy to support a four-day working week, the government is no longer objecting to the ...
Altoona Mirror
1d
Ebensburg bridge named in honor of local veteran, former mayor
Dozens of friends, family and community leaders filled the Ebensburg VFW to memorialize the service Michael G. Tsikalas ...
WJW-TV Cleveland on MSN
2d
Local woman buys new Lexus, next day wins cash to pay for it: Ohio Lottery
NORTH RANDALL, Ohio (WJW) – A Northeast Ohio woman had just purchased a new Lexus and the next day won enough cash to pay for ...
2d
on MSN
Valley voters decide on millions in local school bonds
Central Valley voters decided on millions of dollars in school bonds Tuesday, greenlighting many of them based on initial ...
1d
on MSN
Republicans halt Johnson County’s blue shift in state races. Local contests are different
After Johnson County began shifting toward Democrats more than a decade ago, the party this year continued to make inroads in ...
WDIO
5h
Local ski hills are preparing for the upcoming ski season this winter
Even though hunters can expect rain instead of snow in the forecast, plenty of
local
ski hills are hard at work preparing ...
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