China approves $837 billion debt package to boost its flagging economy ...Middle East

By Juliana Liu, CNN Hong Kong (CNN) — China has approved a six trillion yuan ($837 billion) plan to bolster its ailing economy by allowing local governments to swap out their hidden debt, unveiling additional stimulus measures to counter a potentially volatile growth path marked by the impending return of Donald Trump to the White House. The announcement was made on Friday at the conclusion of a five-day meeting by China’s top legislative body, the Standing Committee of the National People’s Congress. Finance Minster Lan Fo’an told a press conference the six trillion yuan debt limit would be made available over three years to help regional governments replace their so-called “hidden d

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China approves $837 billion debt package to boost its flagging economy ...Middle East

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