China unveils $839 bn debt swap to rescue local governments amid Trump risksChina has unveiled an $839 billion program to address local government debt by raising the debt ceiling and issuing special bonds. This mea...
08 Nov, 2024, 02.06 PM IST
China weighs $853 billion debt swap to rescue local governmentsChina is considering allowing local authorities to issue up to 6 trillion yuan in bonds through 2027 to refinance off-balance-sheet debt. T...
15 Oct, 2024, 11.32 PM IST
India warns of dangers of 'hidden agendas' in unviable projects or unsustainable debtIndia has warned countries in the Indian Ocean region to be cautious of "hidden agendas" and unsustainable debt in development projects, in...
11 Oct, 2023, 05.38 PM IST
China has $3 trillion of ‘hidden’ currency reserves: ReportA lot of the country’s foreign-exchange reserves don’t show up in the official books of the People’s Bank of China, the former US trade and...
30 Jun, 2023, 07.01 PM IST
China announces array of policies to help economy, improve child carePolicymakers will seek to encourage and attract more private capital to the market, a report said, while also taking steps to curb the incr...
16 Feb, 2023, 09.52 AM IST
China pledges to lift economy with stable employment, prices in H2China's fiscal revenue rose in June due to easing COVID-19 restrictions with 25 provinces seeing growth in revenue, after a decline in Apri...
30 Aug, 2022, 10.40 AM IST
China's hidden debt, a major problem for borrowersChina is also using confidentiality clauses barring borrowers from revealing terms and conditions of the engagement or even the existence o...
03 Oct, 2021, 09.07 AM IST
View: How China is colonising nations through debtMany Chinese loans, in fact, have not been publicly disclosed, thus spawning a “hidden debt” problem. Every contract since 2014 has incorpo...
11 May, 2021, 01.37 PM IST
China 2020 fiscal spending up 2.8% y/y, revenue falls 3.9%China's economy picked up speed in the fourth quarter, with growth beating expectations as it ended a rough coronavirus-striken 2020 in rem...
28 Jan, 2021, 09.04 AM IST
China’s murky problem with debt is partly due to this 25-year lawAnalysts have pointed to tax cuts and infrastructure spending as two of the more practical options available to boost growth.
26 Oct, 2018, 08.15 AM IST
China may have $5.8 trillion in hidden debt"The potential amount of debt is an iceberg with titanic credit risks,” said S&P analysts.
16 Oct, 2018, 02.13 PM IST
China's debt rises to USD 2.58 trillionConcerns are raising as the world's largest economy continued to slowdown and posted a 6.9 per cent GDP last year.
23 Sep, 2018, 06.33 PM IST
Bankruptcies can help China, says its central bankLetting local govts go bust will dispel beliefs of Beijing’s implicit guarantee.
26 Dec, 2017, 01.50 PM IST
Moody's says China's shadow banking growth has stoppedFor the first time since 2012, China's gross domestic product grew faster than shadow banking assets in the six-month period.
07 Nov, 2017, 09.22 AM IST
China warned of banking crisis over huge debts of local governmentsThe whopping USD 624.61 bn debt owed by 36 provincial Chinese govts could destablise the country's banking sector as they struggle to repay...
10 Jun, 2013, 05.07 PM IST
- China's external debt crosses $751 billion
China's external debt crossed $751 bn in March, even as debt ridden local governments have been barred from issuing bonds directly to raise...
27 Jun, 2012, 12.41 PM IST
- China has $1.5 trillion in hidden debt: Lawmaker
Beijing has said its fiscal deficit will fall below 2.2% of gross domestic product (GDP) in 2010, while its total debt will be less than 20...
15 Jan, 2011, 03.09 AM IST