LIVE: Chinese Finance Minister Lays Out “Strongest” Debt Relief Measure Undertaken by China in Years

LIVE: Chinese Finance Minister Lays Out “Strongest” Debt Relief Measure Undertaken by China in Years
China's Finance Minister Lan Fo'an details plans on fiscal stimulus to boost the country's economy at a news conference, signalling more forceful policies to revive growth. The theme of the news conference is "intensifying countercyclical adjustment of fiscal policy to promote high-quality economic development."
Finance Minister Lan laid out what he has termed the “strongest” debt relief measure undertaken by China in years. To alleviate debt pressures on local governments, he said, a one-time, large-scale debt ceiling increase will be employed to swap with local governments’ hidden debts.
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