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 ...
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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'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 vows to ramp up policy stimulus to spur growth in 2025
Dec 9, 2024 · China will adopt an "appropriately loose" monetary policy, the first easing of its stance in some 14 years.
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.
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 ...
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.
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 ...
China vows 'necessary spending' to hit economic growth target
Sep 26, 2024 · China will make good use of its ultra-long special sovereign bonds and local government special bonds to support government investment, the Politburo vowed.