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.

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Article Details

Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets: Hong KongAustraliaChinaThailand

Topics: Asia Bonds ESG Market Insights Real Estate World

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 10:41:18 (6 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)

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Copyright Owner: © Asia Financial

News ID: 23424563

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