This Is Not A Stimulus; It’s A Debt Swap! China’s top legislative body has approved the State Council’s plan to raise local government debt limits by 6 trillion yuan, aiming to replace existing hidden debts, according to the Vice Chairman of the NPC Financial and Economic Affairs Committee. China Launches $839 Billion Debt Swap Plan … Continue reading China Approves 6 Trillion Yuan Stimulus to Boost Local Government Debt Limits and Tackle Hidden Debts