China Approves $1.4 Trillion Debt Package to Revive Ailing Economy
In a bold move to bolster its struggling economy, China has approved a historic 10 trillion yuan ($1.4 trillion) debt package aimed at helping local governments replace their mounting hidden debt. Finance Minister Lan Fo’an announced the plan, which includes a 6 trillion yuan ($838 billion) debt limit over three years and a separate 4 […]
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