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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.
China’s stimulus falls short, as a showdown with Trump looms
Lan Fo’an, China’s finance minister, said that local governments would be allowed to issue extra bonds worth trillions of yuan to replace riskier “hidden” debts. These hidden liabilities typically belong to local-government financing vehicles ( LGFV s),
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
24m
on MSN
Oil settles down 2% on receding hurricane risk, lackluster China stimulus
Oil prices settled more than 2% lower on Friday as traders grew less fearful of prolonged supply disruptions from a hurricane ...
2h
China adds 6 trillion yuan in hidden debt relief, pledges more stimulus – as it happened
China’s top legislative body finishes week-long session as anticipation for fiscal stimulus mounts in wake of Trump triumph.
13h
on MSN
China's stimulus plans are choking the profitability of its megabanks, analysts say
The country’s banking industry has grappled with weakening profitability under the weight of lower mortgage rates and ailing ...
9h
China's latest stimulus falls short of expectations
After confirming that on Friday, Finance Minister Lan Foan signalled that more
stimulus
would come. Analysts say China ...
8h
on MSN
China Extends Lifeline to Local Governments But Holds Off on Big Stimulus
The country’s top legislative body gave its green light for local governments to swap some of their mounting ...
7h
on MSN
Oil prices fall after China stimulus disappoints
Oil futures fell Friday, with weakness tied in part to disappointment in China’s latest round of stimulus measures.
8h
China unveils $1.4 trillion local debt package but no direct stimulus
Local govts to raise 10 trln yuan for 'hidden' debt swaps Measures seen as stabilising, rather than boosting growth Finance ...
Markets Insider on MSN
1d
The Chinese market is pinning its hopes on a massive stimulus announcement
On Thursday, China shares rose with the benchmark CSI 300 Index, closing 3% higher. Hong Kong's Hang Seng Index closed 2% up.
8h
China’s latest fiscal stimulus disappoints as trade threat rises
Measures announced on Friday to shore up financial stability are incrementally positive but will not push growth higher ...
1h
Hong Kong Stocks Closed Lower Before China's Stimulus Announcement
Hong Kong shares ended lower, with the Hang Seng Index dropping 1.1% to 20728.19. Investors were eyeing expected ...
20h
Chinese Stocks Head for Weekly Gain as Traders Await Stimulus
Chinese shares were headed for their best weekly showing in a month, aided by hopes that authorities may unveil stronger ...
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