Beijing unveils steps to tackle "hidden debt" of local governments
China has unveiled sweeping measures to help resolve a ballooning debt burden held by local governments. It is trying to shore up support for a slowing economy, which also faces the threat of new tariffs after Donald Trump's re-election to the White House. Olivia Siong reports.
China has unveiled sweeping measures to help resolve a ballooning debt burden held by local governments. It is trying to shore up support for a slowing economy, which also faces the threat of new tariffs after Donald Trump's re-election to the White House. Olivia Siong reports.