Beijing, Nov 8, 2024 (AFP) - China to raise local govt debt ceiling to boost struggling economy

NAMPA / AFP

2024-11-08

China said on Friday lawmakers had agreed to raise the local government debt ceiling by $840 billion, opening up new funds for its ailing economy as they eye the possibility of intensified trade tensions with US president-elect Donald Trump. Policymakers were keeping tabs on the US vote as they gathered in the Chinese capital this week for a meeting of the country's top lawmaking body. The move would raise "the local government debt limit by six......

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