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Home Videos

China Unveils New $1.4 Trillion Debt Swap Program

DeFi Daily News by DeFi Daily News
November 8, 2024
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China Unveils New .4 Trillion Debt Swap Program
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China announced a 10 trillion yuan ($1.4 trillion) program to refinance local government debt, as Beijing rolls out more measures to support a slowing economy and prepares to face new risks from the reelection of Donald Trump as US President. Bloomberg’s Rebecca Choong Wilkins reports.
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Tags: ChinaChina congressChina EconomyChinese governmentChinese yuanDebtEconomyFiscal PolicyPeople’s Republic of Chinapolicysovereign debtSwapProgramTrillionUnveilsNew
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