China Reveals $1.4 Trillion Plan to Bail Out Local Governments
The support package came after smaller measures were announced to jump-start growth. Economists said it was not big enough to address China’s sluggish economy.
Read more at The New York Times
-
China announces $1.4 trillion package over five years to tackle local governments' 'hidden' debt
Business - CNBC - November 8 -
China approves $840B plan to refinance local government debt, boost slowing economy
World - ABC News - November 8 -
Why China is betting on local governments to spur the economy
World - Financial Times - November 11 -
China Moves to Ease Debt Concerns---but Again Holds Off on Stimulus Measures
World - The Wall Street Journal - November 8 -
China unveils 10tn yuan support for debt-stricken local government
World - The Guardian - November 8 -
The Quarter-Trillion-Dollar Rush to Get Money Out of China
World - The Wall Street Journal - October 23
More from The New York Times
-
How High School Graduates Can Improve Their Earnings Potential
Business - The New York Times - 6 hours ago -
Can Trump Prevent a TikTok Ban? His Team Says ‘He Will Deliver’
Business - The New York Times - November 12 -
US Charges Gautam Adani With Fraud Over Bribery Scheme
Business - The New York Times - 2 hours ago -
Ford to Cut 4,000 Jobs in Europe as Electric Vehicle Sales Slow
Business - The New York Times - 18 hours ago -
Archegos Founder Bill Hwang Is Sentenced to 18 Years
Business - The New York Times - 15 hours ago