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By Kevin Yao and Samuel Shen BEIJING (Reuters) - China's promised "basket of measures" to defuse local government debt risks is likely to include spec...
Since China opened to foreign investment in 1978 under Deng Xiaoping, global firms have ploughed in hundreds of billions of dollars to buy and build factories for market access and cheap labour,...
After China lifted its zero-COVID policy, economists expected the economy to come roaring back. That hasn't quite happened.
SHANGHAI/SYDNEY :Since China opened to foreign investment in 1978 under Deng Xiaoping, global firms have ploughed in hundreds of billions of dollars to buy and build factories for market access and cheap labour, bolstering the Chinese currency.A gentle downtrend in foreign direct investment gave way to a stee
China's promised "basket of measures" to defuse local government debt risks is likely to include special bond issuance, debt swaps, loan rollovers, and something Beijing really loathes: dipping into the central budget. Local governments are fundamental to China's economy, with Beijing tasking provincial and city officials with meeting ambitious growth targets. Chinese leaders last month pledged, without detailing, to help ease their debts, signalling worries over a potential chain of municipal debt defaults destabilising the financial sector.