MONETARY POLICY

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Posted in Economic MONETARY POLICY

China Announces $140B Local Government Debt Bailout to Stabilize Economy

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The Kaipher Editorial Team
China is rolling out a sweeping ¥1 trillion ($140 billion) bailout for local governments to clear more than $1 trillion in unpaid bills owed to private companies—one of Beijing’s most ambitious efforts to stabilize the economy in years (Bloomberg, Reuters). State lenders, including China Development Bank, will extend new loans enabling local authorities to settle arrears, with the […]