Eyeing US election, China considers over $1.4 trillion in extra debt over next few years
- Posted on October 29, 2024
- By Business News Today
- 3 Views
Eyeing US election, China considers over $1.4 trillion in extra debt over next few years
China is considering a massive stimulus package worth over 10 trillion yuan aimed at reviving its fragile economy. This includes raising 6 trillion yuan through special sovereign bonds over three years and another 4 trillion yuan via special-purpose bonds for property and land purchases.
