News list for " 600 billion yuan"

On November 8th, Minister of Finance Lan Foan said that the replacement, which has been intensively arranged for 8.40 trillion yuan in the past three years, has significantly reduced the scale of hidden debt that local governments need to digest in recent years, allowing local governments to unload their burdens and go light. At the same time, since the interest rate of statutory debt is much lower than the interest rate of hidden debt, the replacement will greatly save local interest expenses. ...

2024-11-08 16:25:08