China Unveils $1.4 Trillion Debt Swap, Saves Stimulus for Trump.

China has announced a $1.4 trillion debt swap program to refinance local government debt, aiming to address economic risks and avoid immediate stimulus measures ahead of potential trade tensions with the US under President-elect Donald Trump. The move is part of a broader effort to stabilize the economy and boost growth without accumulating excessive debt. While some analysts view the debt swap as a positive step, others argue that more direct fiscal stimulus focused on consumption would have a more immediate impact on economic growth. [Extracted from the article]