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China's budget shift risks local officials 'lying flat'

China’s central government is borrowing more to help diffuse a $9.3 trillion time bomb in hidden local debt. The resulting shift in fiscal power has its own risk: demotivating regional officials. Beijing’s rare decision to issue 1 trillion yuan ($137 billion) of central debt, and transfer the funds to local…
Jia Kang Inner Mongolia Nei Mongol Banco Bilbao Vizcaya Argentaria Jacqueline Rong Michael Pettis

China's Power Shift Risks Wave of Local Officials 'Lying Flat'

(Bloomberg) -- China’s central government is borrowing more to help diffuse a $9.3 trillion time bomb in hidden local debt. The resulting shift in fiscal power has its own risk: demotivating regional officials.Most Read from BloombergS&P Logs Worst Day in Two Months, Bonds Power On: Markets WrapTrump Barred From Colorado Ballot in Unprecedented RulingThe Hedge Fund Traders Dominating a Massive Bet on BondsApple Races to Tweak Software Ahead of Looming US Watch BanOnce Africa’s...
Jia Kang Inner Mongolia Nei Mongol Li Keqiang Zhu Rongji Jacqueline Rong
Source: yahoo.com

Lixiang Education Announces Plan to Implement ADS Ratio Change

LISHUI, China, Dec. 15, 2023 /PRNewswire/ -- Lixiang Education Holding Co., Ltd. (the "Company" or NASDAQ: LXEH), a prestigious private education service provider in China, today announced that it plans to change the ratio of its American depositary shares ("ADSs") to its ordinary shares (the "ADS Ratio"), par value US$0.0001 per share, from the current ADS Ratio of one...
United States Prnewswire Lixiang Education Holding Co Ltd Company Adss Lixiang Education Holding Co Ltd Effective Date Direct Registration System

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The 7th Yunhe Fairy-tale Wooden Toy Festival Kicks Off

A report from Yunhe County Media Integration Center: Hosted by the China Toy Juvenile Products Association (CTJPA) and the Peoples Government of Yunhe County, the 7th Yunhe Fairy-tale Wooden Toy Festival and China Wooden Toy Town Brand Development
America Melissa Doug China Wooden Toy Town Brand Development Conference China Toy Juvenile Products Association National Export Quality Yunhe County Media Integration Center China Toy

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