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China announces $1.4 trillion local government debt swap, bonds package
  • China News

China announces $1.4 trillion local government debt swap, bonds package

Cs news9 months ago04 mins

China Friday announced a $1.4 trillion economic stimulus that includes a three-year local government re-finance plan to help deal with what was described as hidden debt. It includes a $558 billion bonds package, but the plan falls short of what many investors believe is needed. File Photo UPI/Stephen Shaver | License Photo Nov. 8 (UPI)…

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