China’s Fiscal Package Aims to Ease Debt Woes, Property Crisis

Quick Summary:

Some 60% of $1.4 trillion package will help lower local governments' hidden debt, while 40% will fund buybacks from cash-strapped developers

The post China’s Fiscal Package Aims to Ease Debt Woes, Property Crisis appeared first on Asia Financial.

Add the central government’s debt and the total reaches 116 trillion yuan, the Fund estimates.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets: Hong KongAustraliaChinaThailand

Topics: Bonds Real Estate ESG Market Insights Asia World

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 10:41:18 (3 days ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 758 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © Asia Financial

News ID: 23368080

View Article Analysis

About Asia Financial

Main Topics: InvestingBusiness

Official Website: asiafinancial.com

Year Established: 1990

Headquarters: Hong Kong

News Last Updated: 1 days ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #86

Publisher Details

Frequently Asked Questions