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.
The Belt and Road Initiative marks a new phase with ‘small and beautiful’ projects, aiming to boost private sector involvement and local community benefits.