Beijing okays second batch of debt swaps, doubling size to 2 trillion yuan
It's trying to rationalise local government spending without damaging growth and investment too much
Thu, Jun 11, 2015 - 5:50 AM
CHINA'S finance ministry said on Wednesday it has approved a second batch of local government debt swaps worth one trillion yuan (S$216 billion), doubling the size of the existing swap programme announced in March.
As growth has slowed in 2015, Beijing has been walking a...