China unveils US$1.4 trillion debt swap to help local governments

China unveils US$1.4 trillion debt swap to help local governments

[Digitimes] - 11/8/2024

China gave indebted local governments a CNY10 trillion (US$1.4 trillion) lifeline but stopped short of unleashing new stimulus, preserving room to respond to a potential trade war when Donald Trump takes office next year.



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