CHINA'S FINANCE MINISTER:
Local governments have 2.3 trillion yuan in local debt fund to spend in the last 3 months
Will issue large-scale debt to swap for existing local debts
Local government debts risks is the biggest in recent years but needs to go through legal procedures
Will resolutely curb new local government debt risks
Will issue large-scale debt to swap for existing local debts
Local government debts risks is the biggest in recent years but needs to go through legal procedures
Will resolutely curb new local government debt risks
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Dooomer : Bearish
105069843 : It's after 3 months, not the past 3 months, right?
102566976 105069843 : neither. it's probably the last 3 months of 2024, that makes more sense