China announces $1.4 trillion package over five years to tackle local governments’ ‘hidden’ debt

china-announces-$1.4-trillion-package-over-five-years-to-tackle-local-governments’-‘hidden’-debt

watch now VIDEO4:0304:03 China announces $1.4 trillion package over five years to address local governments’ ‘hidden’ debt Squawk Box BEIJING – China on Friday announced a five-year package totaling 10 trillion yuan ($1.4 trillion) to tackle local government debt problems, while signaling more economic support would come next year. Minister of Finance Lan Fo'an told...

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