Latest in China unveils 10tn yuan support for debt stricken local government
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China unveils 10tn yuan support for debt-stricken local government
Cash stops short of hoped-for ‘bazooka option’, with critics calling it ‘an accounting exercise’ that will not bolster growth. China has announced 10tn yuan in debt support for local governments ...World - The Guardian - 5 hours ago -
China announces $1.4 trillion package over five years to tackle local governments' 'hidden' debt
Authorities in Beijing have ramped up stimulus announcements since late September in an effort to bolster its flagging economy.Business - CNBC - 9 hours ago -
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 economyWorld - ABC News - 10 hours ago -
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.Business - The New York Times - 2 hours ago -
China Moves to Ease Debt Concerns---but Again Holds Off on Stimulus Measures
Investors’ hopes for large-scale support for the economy were dashed after an anticipatory stock-market surge in recent weeks.World - The Wall Street Journal - 9 hours ago -
China's Ministry of Finance is taking aim at local debt problems before tackling broader economic challenges
In his opening remarks on Saturday, Minister of Finance Lan Fo'an laid out four measures, starting with increasing support for local governments in resolving debt risks.Business - CNBC - October 14 -
Shares in UK retailers fall as sector counts cost of NICs tax rise – business live
Rolling coverage of the latest economic and financial news. Tariffs, tech and Taiwan: how China hopes to Trump-proof its economy . Yesterday’s cut to UK interest rates doesn’t seem to have ...World - The Guardian - 6 hours ago -
Local government has become a chokehold for Chinese business
Beijing is promising change, but it comes at an unsettling priceWorld - Financial Times - October 28 -
Americans trust local government over Congress, media: Gallup
Americans trust local government more in comparison to Congress and the media, according to a new poll. The Gallup survey, released Monday, shows 67 percent of respondents said they had a "great ...Politics - The Hill - October 15 -
Study finds local governments are less polarized despite national political divisions
Local governments are uniquely able to combat growing national polarization, according to a new study out Wednesday from the nonprofit research organization CivicPulse and Carnegie Corporation of ...Politics - NBC News - October 23 -
Biden unveils new student debt plan for people with financial hardships
President Joe Biden's plans to forgive student debt have hit legal roadblocks. Now a new plan would look to help people experiencing financial hardships.Top stories - CBS News - October 25 -
China unveils $1.4tn package to shore up economy
Beijing is bracing for increased trade tensions with US under Donald TrumpWorld - Financial Times - 12 hours ago -
China's Massive Fishing Fleet Overwhelms Locals in 'David and Goliath' Battle
Off the Peruvian coast, one of the world’s richest fishing grounds is under pressure.World - The Wall Street Journal - October 26 -
10-, 30-year U.S. government debt rallies for second day on lower oil and weak manufacturing reading
Long-term Treasury yields fell for a second day on Tuesday as traders reacted to a weaker-than-expected manufacturing reading from the New York Fed and new developments from the Middle East that ...Business - MarketWatch - October 15 -
Voters: Beware the government’s China problem at home and abroad
If the public turns a blind eye to the Chinese government’s actions within our borders and to the broader implications of foreign policy on domestic security, who will pay attention?Politics - The Hill - October 26 -
To top China in biotech, support US seedbeds of innovation
Congress's ambition to break our dependence on this China-derived supply chain must be paired with an equal zeal for investing in domestic capabilities.Politics - The Hill - October 16 -
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China to boost lending for stalled property projects to $560bn
Beijing is trying to restore confidence in economy amid prolonged real estate slowdownBusiness - Financial Times - October 17 -
China unveils first diagnosis guidelines to battle escalating obesity crisis
Chinese officials published the country’s first set of guidelines to standardize the diagnosis and treatment of obesity amid a national health crisis.Top stories - NBC News - October 23 -
Kashmir gets a largely powerless government 5 years after India stripped its special status
Leaders of Kashmir’s biggest political party have been sworn into office to run a largely powerless local government for the first time after India stripped the region of its special status five ...World - ABC News - October 16 -
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Head of Myanmar's military government visits close ally China for the first time since taking power
Myanmar's state media says the head of Myanmar’s military government embarked upon an official visit this week to China, the embattled Southeast Asian nation’s most important international allyWorld - ABC News - 3 days ago -
Italy opens procedure against China's Sinochem for possible breach of Pirelli governance
Italy has opened up an administrative procedure against China’s Sinochem, the largest shareholder in Italian tiremaker Pirelli, over possible violations of restrictions placed by Rome to protect ...World - ABC News - Yesterday -
Worries about deficit spending after election bog down U.S. government debt
With about two weeks left before the Nov. 5 election, Treasury yields extending their climb from September’s lows on Monday — spurred in part by growing concern about the path of the U.S. deficit ...Business - MarketWatch - October 21 -
U.K. government bond yields hit 2024 highs as traders balk at increased debt sales
Benchmark U.K. bond yields hit their highs of the year on Thursday as investors balked at the increased borrowing set out in the government’s budget.Business - MarketWatch - October 31 -
UK borrowing costs soar day after Labour government unveiled tax-raising budget
U.K. bond yields spiked sharply Thursday after the ruling Labour Party unveiled a sweeping package of tax hikes and increased borrowing.Business - CNBC - October 31 -
How China’s Iran support could spark a Persian Gulf energy war
Washington has to be concerned that Beijing sees an opportunity to deny or at least restrict Middle East energy to others.Politics - The Hill - October 15 -
China pledges more financial support for 'whitelist' real estate projects
Ni Hong, China's minister of housing and urban-rural development, made the announcement at a press conference on Thursday.Business - CNBC - October 17 -
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Lammy to raise human rights and support for Russia on China trip
UK foreign secretary keen to boost engagement with Beijing as well as address concerns in potential reset to relationsBusiness - Financial Times - October 17 -
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China needs stimulus with 'beautiful deleveraging' to avoid debt crisis, says Ray Dalio
China must employ a “beautiful deleveraging” in addition to its recent stimulus measures in order to avoid debt crisis, says Ray Dalio.Business - CNBC - October 18 -
China unveils its plans to turn its feats in space exploration into scientific advances
China has made great strides in exploring space in recent years, rocketing astronauts to its own space station and bringing back rocks from the moonTech - ABC News - October 15 -
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Georgia's president urges the West to support opposition protests against governing party's declared election victory
Georgia's president urges the West to support opposition protests against governing party's declared election victoryWorld - ABC News - October 28
