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'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 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.
Exclusive: China to run budget gap of 3% of GDP in 2024, issue …
Dec 15, 2023 · China plans a new round of fiscal and tax reforms and the government is looking to improve the structure of fiscal spending to support strategic tasks, state media said, without giving details.
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.
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 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.
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.
China flags more fiscal stimulus for economy, leaves out key …
Oct 12, 2024 · China finance ministry says will ramp up debt issuance; Size of fiscal stimulus unclear, expected to unnerve markets; Beijing says will support indebted local governments