China stimulus disappoints, as 6,000 on the cards for S&P 500
The bulk of the stimulus is linked to local government. Beijing has agreed to raise the debt ceiling from local governments to 35.5 trillion yuan, which will allow them to swap ‘hidden debt’ to the ...
China raises local government debt ceilings to revive economy
China top legislative body approved a bill on Friday to allow local governments to issue 6 trillion yuan ($838.8 billion) in ...