How can China's 10 trillion yuan debt swap program help stabilize the economy?
Global leaders have ...
Biz Today · podcastcp
November 15, 202427m 0s
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Show Notes
Global leaders have gathered in Peru for the Asia Pacific Economic Cooperation Forum. What are the top issues at this year's APEC meeting? What can APEC do to enhance economic cooperation to promote inclusive and sustainable growth? What’s China's role in it (00:47)?
Chinese lawmakers have approved a State Council bill on raising the ceiling of local government debt to replace their existing hidden debts. How will the debt swap operate? How will the additional debt relief impact the Chinese economy (17:10)?