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China says it'll 'significantly increase' debt for economic growth
short by Debaroti Adhikary / on Sunday, 13 October, 2024
China on Saturday said it will "significantly increase" debt to revive its economy's growth. Finance Minister Lan Foan said the nation will help local governments tackle their debt problems, offer subsidies to people with low incomes, support the property market and replenish state banks' capital, among other measures.
read more at Reuters