"It's not huge if you look at the fiscal shortfalls." "The money is used to replace hidden debts, which means it doesn't create new work flows, so the support to growth is not that direct." Local governments, facing high debt and falling revenues ...

The outlook is grim for the world’s second largest economy, with growth slowing and the prospect of a new trade war following Donald Trump’s electoral victory.

Beijing is hoping its plan will help bolster its ailing economy as it braces itself for increased trade tensions with the US under a Trump presidency. View on euronews