Zhang Yukun

Nov 26, 2024 | caixinglobal.com | Yu Hairong |Ding Feng |Cheng Siwei |Zhang Yukun

Explore the story in 3 minutesThe November 8 announcement by China’s Ministry of Finance reveals a significant 10 trillion yuan ($1.4 trillion) package devised to aid local governments in managing their hidden debt.

Nov 26, 2024 | caixinglobal.com | Yu Hairong |Ding Feng |Cheng Siwei |Zhang Yukun

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x At a press conference on Nov. 8, China unveiled a 10 trillion yuan ($1.4 trillion) package for its local governments to deal with their hidden debt, fulfilling Finance Minister Lan Foan’s promise of “the most significant measure introduced in recent years” to tackle the issue.