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China Unveils $1.4 Trillion Lifeline for Local Governments
Beijing has unveiled a 10 trillion yuan ($1.4 trillion) package to allow local governments to refinance their hidden debt, approved by China’s rubber-stamp legislature at the end of its five-day meeting on Friday. China’s local governments will have access Trump Tariff Plans for China Won’t Be Disastrous for Australia, Experts Say
The second Trump presidency’s promise to slap tariffs as high as 60 percent on Chinese-made goods, and 10 to 20 percent on all other imported goods, has spurred discussion on the ramifications for Australia, which relies heavily on the China market. Yet What Trump’s 2nd Presidency Means for China; Who Could Join Trump’s New Cabinet?
China is reacting to Trump’s sweeping victory. The leader of the Chinese Communist Party congratulated the president-elect. Meanwhile, China’s stock market plunged. What could a second Trump term mean for China? Trump is expected to place 60 percent tariffs