Created
: 2024.11.08
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
China's top legislative body approves bill to raise local government debt ceilings
World FX news
Breaking news
China's top legislative body approves bill to raise local government debt ceilings
New
2024.11.08 17:18
2024.11.08 17:18
2024.11.08 17:18
China's Vice chairman of the National People's Congress (NPC) Financial and Economic Affairs Committee announced on Friday that Beijing approved a bill to raise local government debt ceilings to replace existing hidden debts.
Key takeaways
China plans to raise local govt debt ceiling by 6 trln yuan.
New debt quota will help replace existing debt.
Move to swap hidden debt will help resolve local debt risks.
NPC approved plans to increase local debt ceiling.
Will speed up overhaul of local govt financing vehicles to curb new debt.
Arranging 6 trln yuan in local govt debt quota to resolve 'hidden' debt is a major policy decision.
2 trln yuan will be used for debt swap each year.
China's 'hidden' local govt debt at 14.3 trln yuan at end-2023.
Last updated
: 2024.11.08
Related articles
US Dollar retraces from two-year high after PMI data, geopolitical uncertainty prevails
38 minutes agoMexican Peso slumps, shrugging off solid data
2024.11.23 02:37EUR/CAD Price Analysis: Pair extended losing streak, fell to lowest since February
2024.11.23 00:51GBP/USD Price Forecast: Declines on disappointing data, tumbles to 1.2500
2024.11.23 00:01GBP/ZAR Price Forecast: Early-warning signs the short-term trend may reverse
2024.11.22 23:50USD/CHF Price Forecast: Resumes uptrend after pullback
2024.11.22 23:27
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
US Dollar retraces from two-year high after PMI data, geopolitical uncertainty prevails
In Friday's session, the US Dollar Index (DXY) declined slightly after reaching a new two-year high amidst geopolitical instability.
New
2024.11.23 03:08Mexican Peso slumps, shrugging off solid data
The Mexican Peso retreats for the third straight day versus the US Dollar, although economic data suggests the country's economy grew in the third quarter while inflation edged lower.
New
2024.11.23 02:37A (local) peak in Gold is now imminent - TDS
The downturn in Gold prices underscored by sharp liquidations from macro funds lined up exceptionally well with historical patterns surrounding drawdowns associated with macro fund liquidations from extreme levels, averaging between 7-10% over the last decade, TDS' Senior Commodity Strategist Daniel Ghali notes.
New
2024.11.23 01:02EUR/CAD Price Analysis: Pair extended losing streak, fell to lowest since February
The EUR/CAD extended its losing streak to four sessions, falling to a low since February on Friday.
New
2024.11.23 00:51GBP/USD Price Forecast: Declines on disappointing data, tumbles to 1.2500
The Pound Sterling extends its losses against the Greenback for the third straight day, is down 0.47% after UK Flash PMIs and Retail Sales data disappointed investors.
New
2024.11.23 00:01GBP/ZAR Price Forecast: Early-warning signs the short-term trend may reverse
GBP/ZAR has formed a temporary bottom after a steep sell-off.
New
2024.11.22 23:50USD/CHF Price Forecast: Resumes uptrend after pullback
USD/CHF is striking higher again after a brief pullback from overbought levels.
New
2024.11.22 23:27NZD/USD Price Analysis: More downside looks likely towards 0.5770
The NZD/USD pair rebounds slightly after posting a fresh yearly low near 0.5820 in the North American session on Friday.
New
2024.11.22 23:24USD/JPY edges lower after stronger-than-expected Japanese inflation, stimulus package
USD/JPY is trading a touch lower in the 154.30s on Friday as the Japanese Yen (JPY) strengthens against the US Dollar (USD) due to the release of higher-than-expected Japanese macroeconomic data, and Tokyo's announcement of a $250 billion economic stimulus package.
New
2024.11.22 23:01USD/CAD turns upside down on steady Canadian Retail Sales growth, US Dollar retraces
The USD/CAD pair surrenders its entire intraday gains and ticks down as the Canadian Retail Sales data grew steadily in September and the US Dollar (USD) gives up a majority of its intraday gains after refreshing a two-year high.
New
2024.11.22 22:55Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
