China Reveals $1.4 Trillion Plan to Bail Out Local Governments

The support package came after smaller measures were announced to jump-start growth. Economists said it was not big enough to address China’s sluggish economy. China, Economic Conditions and Trends, Banking and Financial Institutions, Politics and Government, Government Bonds, Local Government, Real Estate and Housing (Residential), National People’s Congress (China), People’s Bank of China, Trump, Donald J The support package came after smaller measures were announced to jump-start growth. Economists said it was not big enough to address China’s sluggish economy. NYT > Business

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