Bloomberg Television
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China Vows Enduring Local Debt Cleanup at Key Meeting
Posted
November 1, 2023
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3,948
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November 1, 2023
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1:44Now PlayingChina, at a twice-a-decade policy meeting. said it will set up a long-term mechanism to resolve debt risks tied to local authorities and signaled willingness to expand borrowing at the central government level. And the People’s Bank of China will likely inject ample liquidity into the money market, according to a person close to the central bank. John Liu reports on Bloomberg Television.
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