CandleFocus Anticipated China Meeting Held – Here are the Details of the Meeting
2024-10-12
Author: Content Editor
The Chinese government plans to increase the debt limit and take measures to help local governments manage and resolve debt risks. They will issue special bonds to recapitalize state-owned commercial banks. This is seen as a strong effort to support debt reduction and address the risks associated with local government debt. The Finance Minister provided information on China's fiscal policy during a press conference and emphasized the importance of addressing these risks for the sustainable development of the financial system.
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