China’s New Debt Plan to Boost Local Economies
China’s NPC passes a proposal to increase local government debt limits by 6 trillion yuan, aiming to boost local economies and sustain high-quality growth.
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China’s NPC passes a proposal to increase local government debt limits by 6 trillion yuan, aiming to boost local economies and sustain high-quality growth.
China launches a 10 trillion yuan debt swap program to stabilize its economy by providing local governments with resources to manage accumulated debts.
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