China may raise $850 billion in new debt over three years to spur growth, says report
- Posted on October 15, 2024
- By Business News Today
- 2 Views
China may raise $850 billion in new debt over three years to spur growth, says report
China considers an additional 6 trillion yuan in special treasury bonds to stimulate its economy, but the market remains unimpressed. The funds aim to stabilize growth, aid local governments, and address debt issues. Although analysts expect this to support a 5% growth target, structural economic challenges persist.
