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 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 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 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 Unveils $1.4 Trillion Debt Swap, Saves Stimulus for Trump
China gave indebted local governments a 10 trillion yuan ($1.4 trillion) lifeline but stopped short of unleashing new stimulus, preserving room to respond to a potential trade war when Donald Trump takes office next year.
How China Plans To Cut Hidden Debt In Massive Shakeup
China has unveiled an ambitious plan to relieve public debt, aiming to turn local governments away from belt-tightening practices that have exacerbated a domestic downturn.
China unveils $1.4 trillion package to address local government debt issues.
CNBC's Eunice Yoon joins 'The Exchange' to report on China's new debt package and the possibility for more stimulus in the future.
China unveils sweeping local govt debt swap to lift ailing economy
China on Friday unveiled some of its most ambitious plans in years to lift local government debt and boost its economy, following a meeting of lawmakers eyeing the possibility of
China Courts U.S. Allies as Defense Against Trump’s Protectionism
Fearing a U.S. tariff barrage, Beijing hopes to use “proactive” tariff cuts and investment offers to peel away American ...
Analysis-Ready or not? How China scrambled to counter the second Trump shock
After Donald Trump first stormed the White House eight years ago, rattled Chinese leaders responded to his tariffs and fiery ...
Steven Madden C.E.O. Says It Is Moving Production Out of China
The prospect of higher tariffs under President-elect Trump spurred the company to accelerate its plan to shift where its ...
China approves $840B plan to refinance local government debt, boost slowing economy
China is expected to announce much-anticipated steps to boost its flagging economy at the end of this week's meeting of its ...
Hosted on MSN2h
China-Canada direct flights resume and expand starting November 10
Direct flights between China and Canada will resume and expand from November 10, connecting four Chinese cities with Toronto and Vancouver.
中国日报网2d
Mondelez acquires majority stake in Shanghai company as it eyes China expansion
Mondelez International Inc, the United States snack food manufacturer, announced early this week that its China branch has ...
Read Your Way Through Shanghai
Shanghai straddles the past and the future, a dizzying prism of many histories and cultures. The poet Sally Wen Mao shares ...
Bloomberg L.P.4d
China Data Center Firm Shanghai DC-Science Seeks Private Loan
Shanghai DC-Science Co., a Chinese data center developer and operator, is seeking private debt of about $600 million to ...
Shanghai like a local
Communicating: Shanghai, and the rest of China, runs on WeChat – the super app that can do it all, from chats to payments to following the local news. Also popular here is the local version of TikTok ...
Observer3d
Observer’s Guide to What Not to Miss at This Year’s Shanghai Art Week
We reviewed the full lineup of Shanghai Art Week exhibitions and events—many of which open today—to find the best of the best ...
Shanghai Unveils Green Shipping Plan as New Emissions Rules Loom
China’s biggest city aims to build its capacity to supply cleaner fuels in preparation for more stringent global emissions ...
中国日报网3h
Nike finds inspiration from Shanghai's night runners
As running continues to gain momentum in China, Nike is evolving its strategy to lead this growth by investing in its key ...