China Extends Lifeline to Local Governments But Holds Off on Big Stimulus
The country’s top legislative body gave its green light for local governments to swap some of their mounting off-balance-sheet debts but stopped short of new fiscal stimulus measures to revive the struggling economy.
admin
0
0
The country’s top legislative body gave its green light for local governments to swap some of their mounting off-balance-sheet debts but stopped short of new fiscal stimulus measures to revive the struggling economy.
