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China raises local government debt ceilings to revive economy

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SINGAPORE/SHANGHAI (Reuters) - China top legislative body approved a bill on Friday to allow local governments to issue 6 trillion...
Bussiness

China raises local government debt ceilings to revive economy

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SINGAPORE/SHANGHAI (Reuters) - China top legislative body approved a bill on Friday to allow local governments to issue 6 trillion...
Bussiness

China approves $840B plan to refinance local government debt, boost slowing economy

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BEIJING (AP) — China on Friday approved a 6 trillion yuan ($839 billion) plan to help local governments refinance their...
World

13 local politicians were elected to the B.C. Legislature. Not all are giving up their municipal roles

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Two mayors, six city councillors, four school board trustees and one local area director have all won a government upgrade to the legislature in...
Bussiness

China Stimulus Questions to Persist Long After Meeting This Week

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(Bloomberg) -- Chinese lawmakers are gathering in the shadow of the US election to sign off on a fiscal package...
Bussiness

Exclusive-Eyeing US election, China considers over $1.4 trillion in extra debt over next few years, say sources

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(Reuters) - China is considering approving next week the issuance of over 10 trillion yuan ($1.4 trillion) in extra debt...
Bussiness

Why Janet Yellen wants more Americans to have a bank account

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Treasury Secretary Janet Yellen is unveiling a plan Tuesday designed to ensure more Americans have bank accounts and affordable credit,...
Bussiness

Record Defaults Hit $800 Billion Chinese Local Debt Market

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(Bloomberg) -- Defaults in an opaque corner of China’s local debt market have surged to a record high, ensnaring investors...
Sports

China could raise nearly $1 trillion of fresh debt in the next 3 years to revive its economy

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Chinese media reported that China could rack up $850 billion in debt to help revive its economy.The report said the nation could issue new...
Bussiness

China Leaves Economists Wanting More Action to Defeat Deflation

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(Bloomberg) -- China moved to further ramp up support for the economy, promising more aid for the slumping property sector and indebted local governments....
Bussiness

Key Takeaways as China Outlines Plans to Revive Economy, End Housing Slump

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(Bloomberg) -- With markets keen for details on China’s efforts to revive economic growth and end its housing slump, here are five key takeaways...
Bussiness

China to Issue Local Government Bonds to Support Property Sector

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(Bloomberg) -- China will allow local governments to issue bonds to support the ailing property sector as it pushes to put a floor under...
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