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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.
In 2024, China's debt-to-GDP ratio stood at 90.1%. Projections show that this number could reach 111.1% by 2029. Increases to China's debt are driven by ongoing stimulus measures to support its ...
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 ...
President-elect Donald Trump has doubled down on many of his economic promises in the weeks since his victory. In 2025 he will face formidable global players who may have other plans. Trump made ...
But after Trump took office in 2017, the deficit gradually widened, and the national debt levels grew each year before both skyrocketed in 2020 as government spending ramped up to deal with the ...
President-elect Trump is headed for a battle over the debt limit with conservative lawmakers who are demanding steep cuts to federal spending that will significantly complicate Trump’s ability ...
WASHINGTON (Reuters) -With his nomination of China hardliner Marco Rubio for secretary of state, U.S. President-elect Donald Trump has signaled his policy toward Beijing could go beyond tariffs ...
A debt-ceiling breach has become a political tool — one that Trump is trying to wield for the last time The debt ceiling limits the amount of money the federal government is allowed to borrow to ...