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.
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.
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 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 raises local government debt ceilings to revive economy
SINGAPORE/SHANGHAI (Reuters) -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,
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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 ...
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 ...
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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 ...
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 Mirror1d
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 ...
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 ...
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 ...
What do South Carolina election results mean? A closer look into federal, state, local races
While the 2024 election is over, the implications of the vote will play out in Congress, the statehouse, and county boards ...
Tennessee election: See results, map for presidential, senate race and local races
Tennesseans chose Donald Trump for President of the United States and supported Republicans in the U.S. House and Senate.
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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 ...