China announces trillion-dollar bailout as debt crisis looms

Biztoc.com - 8. November 2024

China announces trillion-dollar bailout as debt crisis looms

The News Beijing unveiled a $1.4 trillion bailout for local governments, part of efforts to ward off a looming debt crisis and kickstart a moribund economy. The funds will help provincial authorities refinance a huge pile of loans that had left many strugglin…

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