RAISING THE DEBT CEILING:China deploys one of its largest-ever fiscal initiatives to address hidden liabilities  

作　　者：Tao Xing 

机构地区：[1]不详

出　　处：《China Report ASEAN》2024年第12期60-61,共2页中国东盟报道（英文）

摘　　要：China has allocated a combined 10 trillion yuan(US$1.39 trillion)in new fiscal funding to replace hidden local government debt,or liabilities that local governments do not o"cially report.This marks one of the largest moves of its kind in recent years.The Standing Committee of the National People’s Congress(NPC),China’s top legislative body,approved a bill that raises the ceiling on local government debt by 6 trillion yuan(US$834 billion)to address existing hidden debt,Xu Hongcai,deputy head of the NPC’s Financial and Economic Affairs Committee,said at a press conference after the Standing Committee of the 14th NPC concluded its 12th session in Beijing on November 8.

关 键 词：replace hidden ABILITIES 

分 类 号：R73[医药卫生—肿瘤]