Citation :
China Approves 10 Trillion Yuan Program to Address Economic Slowdown and Hidden Debt China has unveiled a 10 trillion yuan ($1.4 trillion) initiative to refinance local government debt in an effort to counteract the country's economic slowdown, exacerbated by new risks from Donald Trump's potential reelection. But the officials did not announce additional measures to directly stimulate domestic demand, potentially disappointing markets that had been hoping the package would also help consumers.
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