X @外汇交易员

Government Debt Resolution - China is reportedly preparing to address local government arrears to private companies, estimated to exceed $1 trillion USD [1] - The initial phase targets 1 trillion RMB (approximately $137 billion USD) to be completed by 2027 [1] Financial Intervention - China is considering directing state-owned banks and policy banks, including the China Development Bank, to provide loans to local governments [1] - The purpose of these loans is to enable local governments to settle outstanding payments to private enterprises [1]