BEIJING, March 10 (Xinhua) — As China takes a proactive fiscal policy approach, the issuance of local government special bonds has been significantly ramped up, marking a pivotal effort in the countr
Tag: borrowing
Commentary: China unveils path toward financial powerhouse
BEIJING, Nov. 3 (Xinhua) — China has displayed both its ambition and down-to-earth approach in mapping out plans this week to explore a path of financial development with Chinese characteristics and
RMB clearing bank launched in Pakistan to facilitate cross-border transactions with China
Pakistan\’s caretaker Minister for Finance, Revenue and Economic Affairs Shamshad Akhtar speaks during the opening ceremony of RMB clearing bank in Islamabad, Pakistan on Oct. 27, 2023. The Industrial
Interview: Higher interest rates \”important driver\” of global debt growth, IMF fiscal chief says
WASHINGTON, Oct. 13 (Xinhua) — With global public debt projected to grow faster, higher interest rates have been pushing up borrowing costs, becoming an important driver of public debt dynamics, an I
Herding under solar panels in north China\’s dry pastures
HOHHOT, July 9 (Xinhua) — Under a blue sea of solar panels, sheep roam and graze on fresh grass in north China\’s dry pastures.
\”That\’s my herd. I\’m a herdsman with a job — I\’m a maintenance worker a
Washington faces another debt crisis
WANG XIAOYING/CHINA DAILY
The United States has once again reached a critical point in its debt crisis, with its outstanding unfunded federal government debt reaching a staggering $31.41 trillion in D