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The Politburo rarely details policy plans, but the shift in its message shows China is willing to go even deeper into debt, prioritising, at least in the near term, growth over financial risks.
Beijing started this year with plans to issue 1 trillion yuan in special sovereign debt already in place, but that sum is widely expected to be increased as growth has been drifting off target and ...
The so-called landmark Phase One trade deal that would have seen China purchase an additional $200bn worth of American goods over two years did not materialise as Covid-19 pandemic disrupted trade ...
Trump also implemented trade protectionism via tariffs, primarily on imports from China. [1] During Trump's first three years in office, the number of Americans without health insurance increased by 4.6 million (16%), [8] [9] while his tax cuts favored the top earners, failed to deliver on its promises [10] and worsened income inequality.
Trump has indicated he plans to pick up where he left off with Beijing, and has vowed to impose an additional 10% tariff on Chinese goods to push China to do more to stop fentanyl flows into the U.S.
Wary of the cost of surging federal spending to combat the coronavirus crisis, senior Trump administration officials are looking at ways to reduce the additional debt created by any future ...
Lan revealed that, as of the end of 2023, China had an enormous hidden debt balance of 14.3 trillion yuan ($1.99 trillion). Officials aim to slash that amount to 2.3 trillion yuan ($320 billion ...
President Trump signs the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266), April 24, 2020. The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self ...