John Rewich
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In the city of Wuxi, where the deadly campus attack happened, Communist Party leaders called for better school safety and probes into social risks and hidden dangers. John Rewich, NPR News, Shanghai.
In the city of Wuxi, where the deadly campus attack happened, Communist Party leaders called for better school safety and probes into social risks and hidden dangers. John Rewich, NPR News, Shanghai.
The leaders of China's parliament approved a bill that raises the ceiling for special bond issuance by local governments. They also approved further financing for debt swaps at the local level. In all, the measures will allow local governments to issue a combined 10 trillion yuan, or about $1.4 trillion, in fresh bonds in the coming years.
The leaders of China's parliament approved a bill that raises the ceiling for special bond issuance by local governments. They also approved further financing for debt swaps at the local level. In all, the measures will allow local governments to issue a combined 10 trillion yuan, or about $1.4 trillion, in fresh bonds in the coming years.
The money will be used to pay down off-balance sheet debt that's been crippling local governments around the country and hurting the national economy. The debt swaps are expected to save local governments around $84 billion in interest over the coming five years. It's the latest in a series of steps to shore up the economy in the face of mounting challenges,
The money will be used to pay down off-balance sheet debt that's been crippling local governments around the country and hurting the national economy. The debt swaps are expected to save local governments around $84 billion in interest over the coming five years. It's the latest in a series of steps to shore up the economy in the face of mounting challenges,
and now increased uncertainty with the coming of a second Trump administration. John Rewich, NPR News, Shanghai.
and now increased uncertainty with the coming of a second Trump administration. John Rewich, NPR News, Shanghai.