China Government Considering US$137 Billion Stimulus as Big Developer Has Debt Problem
by Brian Wang from NextBigFuture.com on (#6FFA7)
China is considering at least 1 trillion yuan ($137 billion) of additional sovereign debt for spending on infrastructure such as water conservancy projects. If the debt is issued, the 2023 budget deficit would rise above the 3% cap set in March. Country Garden, China's largest private developer, has warned it will miss a loan payment ...