China ‘May Issue $1.4 Trillion in Extra Debt Over a Few Years’

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Beijing may approve the issuance of debt totaling $1.4 trillion next week to bail out local governments, but the amount could be raised if Trump wins the US election

The post China ‘May Issue $1.4 Trillion in Extra Debt Over a Few Years’ appeared first on Asia Financial.

The meeting’s timing, which coincides with the week of the US presidential vote on November 5, offers Beijing greater flexibility to adjust the fiscal package including the total size, based on the election outcome, the sources said.

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Article Details

Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets: Hong KongAustraliaChinaThailand

Topics: Real Estate ESG Market Insights Asia World Bonds China-US Economic Ties

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 11:46:15 (3 days ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 929 words

Reading Time: 6 minutes read

Sentences: 40 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Asia Financial

News ID: 23363209

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