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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.
Donald Trump has big plans for the economy — and a big debt problem that will be a hurdle to delivering on them. Trump has bold ideas on tax cuts, tariffs and other programs, but high interest ...
The plan for 2025 sovereign debt issuance would be a sharp increase from this year's 1 trillion yuan and comes as Beijing moves to soften the blow from an expected increase in U.S. tariffs on ...
In response, Trump signed the $2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES) on March 27, 2020 which helped maintain family incomes and savings during the crisis, but contributed to a $3.1 trillion budget deficit (14.9% GDP) for fiscal year 2020, the largest since 1945 relative to the size of the economy.
China initiated a WTO complaint against the U.S. steel and aluminum tariffs on April 9, 2018. [83] The EU opened a similar WTO case on June 1, 2018. [84] On June 9, 2018, Trump tweeted a statement addressing Prime Minister of Canada Justin Trudeau in which he said American tariffs targeting Canada "are in response to his [tariffs] of 270% on ...
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 ...
In the final year of Trump's term, the two nations agreed to a truce, signing a trade deal that scrapped some tariffs and reduced others. China also agreed to purchase an additional $200 billion ...
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 ...