China unveils $1.4 trillion stimulus in effort to boost flailing economy
The outlook is grim for the world’s second largest economy, with growth slowing and the prospect of a new trade war following Donald Trump’s electoral victory.
China unveils $1.4 trln local debt package but no direct stimulus
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-election of Donald Trump as U.
China approves $1.4 trillion debt package in latest measure to boost flagging economy
China has approved a six trillion yuan ($837 billion) plan to bolster its ailing economy by allowing local governments to swap out their hidden debt, unveiling additional stimulus measures to counter a potentially volatile growth path marked by the impending return of Donald Trump to the White House.
China announces $1.4 trillion over five years to tackle local governments’ hidden debt
China on Friday announced the central government would allocate an additional 6 trillion yuan ($840 billion) to local governments for tackling hidden debt issues.
China unveils $1.4tn package to shore up economy
Simply sign up to the Chinese economy myFT Digest -- delivered directly to your inbox. China has announced a Rmb10tn ($1.4tn) fiscal package to bail out local governments and help shore up its faltering economy,
China approves $840B plan to refinance local government debt, boost slowing economy
China has announced a 6 trillion yuan ($839 billion) plan to help local governments refinance their mountains of debt in the latest push to rev up growth in the world's second largest economy
The Economist7h
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 ...
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 ...
Bloomberg on MSN13h
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 ...
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 ...
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 ...
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Oil falls over 2% on receding US hurricane risk, lackluster China stimulus
NEW YORK (Reuters) -Oil prices fell more than 2% on Friday as traders grew less fearful of prolonged supply disruptions from ...
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 ...
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 ...
Markets Insider on MSN1d
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.
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 ...
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 ...
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 ...