LIVE: Chinese Finance Minister Lays Out “Strongest” Debt Relief Measure Undertaken by China in Years

LIVE: Chinese Finance Minister Lays Out “Strongest” Debt Relief Measure Undertaken by China in Years

China's Finance Minister Lan Fo'an details plans on fiscal stimulus to boost the country's economy at a news conference, signalling more forceful policies to revive growth. The theme of the news conference is "intensifying countercyclical adjustment of fiscal policy to promote high-quality economic development."

Finance Minister Lan laid out what he has termed the “strongest” debt relief measure undertaken by China in years. To alleviate debt pressures on local governments, he said, a one-time, large-scale debt ceiling increase will be employed to swap with local governments’ hidden debts.

---

China | Economy | Taxes | Firstpost | News Live | World News | Latest News | Global News | International News | News | Trending News

#china #economy #taxes #firstpost #newslive #worldnews #latestnews #globalnews #news #internationalnews #trendingnews

Firstpost is an Indian news and media website. Get all the incisive opinions, in-depth analyses and other visual stories that matter to you and the world right here on this channel.

Subscribe to Firstpost channel and press the bell icon to get notified when we go live.

Follow Firstpost on Instagram:

Follow Firstpost on Facebook:

Follow Firstpost on Twitter:

Follow Firstpost on WhatsApp:

[lastChang]

Investors now are smart enough to know about China.
It can't fool them anymore.

[jaayclyde]

How come this anticipated event for markets isn’t getting covered on mainstream media?

[ArabicReja]

China's 🇨🇳 recent barrage of stimulus won't solve its structural issues:
- property bust,
- deflation threat, or
- long-term demographic problem.
It may only help short-term goals.

[brad]

Market won’t like this. Glad I bought the rumor and pre-sold the news.

[Brazier-Sin]

“I don't compete with nobody…
I just go hard do the rope a dope ali shuffle
And dance around my opponents do donuts
Sometimes I play possum like I'm asleep it's awesome
I'm like a sleeping giant and when I awake I'm like Dre
I just jump from outta nowhere and bite prey
And sink my teeth in and fill em' full a poison
And make a noise like a snake before I kill em'
And let em' know I just don't feel em'
And smack em' with the backward E the' Eminem emblem
I was taught if your gonna murder somebody you should face em'
Tell em' why look em' dead in the eye then waste em'
And the dark shall emerge from the firey depths of hell
And swallow the shallow the hallow who dwell
In the shadows of all who are willing to sell their souls…”

Evil will always find a way……….. . ..

[Notsosmartyetnotsostupid]

Big picture again 😅 what’s the real actions? Amount? Period? Something people can see and feel.

[antoniodegruchy]

I have China's most powerfulest 1 Yuan 1999 banknote. How can I get the value please Mr President Xi Jinping.

[SamSam-cgmw]

Stimulus is a fancy word for printing monopoly money aka printing money out of thin air without any gold backing . What people must do is to avoid Yuan, its intrinsic value is much less.

[glories]

Ha ha ....twice hit...no more can be fooled. Fix the fundamental of economy on the ground first !

[johnny]

So what is the numbers? Does anyone here understand chinese?

[voranartsirisubsoontorn]

The only way he knows how and the way used for over decade with failure but the only way he knows how so…………😅😅

[Fanta]

Never fomo to buy chins stocks at the top. Lesson learned

[MickBs]

they are going the ground up..which should promote local growth...this will take trust and time