China top legislative body approved a bill on Friday to allow local governments to issue 6 trillion yuan ($838.8 billion) in ...

Local government debts have ballooned partly due to high spending and low tax revenues during the pandemic, but also due to a ...

The new Local Government Bill, 2024, will be a “pivotal milestone” in the life of local government in The Bahamas, Minister ...

The victory of Amendment 5 in Florida is being touted as a win for lowering taxes for homeowners. Now approved and ready to ...

Recent trials have compounded concerns about unduly harsh legal action targeting businesses in other regions to ease the ...

China kicked off a fresh round of fiscal support on Friday for its sputtering economy with a package that eases debt ...

China has unveiled a $1.4T stimulus package over five years to ease the heavy debt burdens of local governments and support ...

Beijing is attempting to shore up support for a slowing Chinese economy that is facing new threats of tariff curbs after the ...

Friday's announcement is the latest in a string of stimulus measures China has taken to turn around its ailing economy.

Local governments in China face a ballooning debt burden of $5.6 trillion, according to Beijing, raising worries about wider economic stability. The International Monetary Fund (IMF) put the figure at ...

Chinese lawmakers reviewed a cabinet bill that would raise ceilings on local government debt to replace existing hidden debt as the standing committee of China's top legislature started their meeting ...