China unveils 10tn yuan support for debt-stricken local government

Guardian

Summary

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China has announced a huge £1.1 trillion ($1.4 trillion) fiscal package to help struggling local governments and support its weakening economy.
Daily Express
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China on Friday approved a 6 trillion yuan ($839 billion) plan to help local governments refinance their mountains of debt, in the latest push to rev up growth in the world's second largest economy.
Voice Of America
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Officials did not announce additional measures to directly stimulate domestic demand, potentially disappointing markets that had been hoping the package would also help consumers.
Irish Times
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Trump has threatened tariffs of 60% on Chinese goods, complicating China's economic gloom.
Insider

■ Story #14 ▪

issue 88:88 ▪

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updated 88:88

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