China launches $1.4 trillion plan to bail out local governments

Hidden debt crisis called 'major economic and financial risk' facing world's second largest economy

By: financialpost.com

Nov 08 2024
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China launches $1.4 trillion plan to bail out local governments — China launches $1.4 trillion p

China unveiled a 10 trillion yuan (US$1.4 trillion) program to help resolve a local government hidden debt crisis, as authorities moved to shore up a slowing economy facing fresh risks from the reelection of Donald Trump. Read More

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China launches $1.4 trillion plan to bail out local governments

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China launches $1.4 trillion plan to bail out local governments

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