China Says It Will ‘Significantly Increase’ Debt To Revive Economic Growth
China said on Saturday (Oct 12) that it will “significantly increase” government debt issuance to offer subsidies to people with low incomes, support the property market and replenish state banks’ capital as it pushes to revive sputtering economic growth. Without providing details on the size of the fiscal stimulus being prepared, Finance Minister Lan Foan […]