Chinese authorities have done it again, unveiling details of a $1.4 trillion financial package meant to support the world’s second-largest economy, only to leave investors underwhelmed. China will essentially restructure some of the debt weighing down local governments,

China on Friday unveiled some of its most ambitious plans in years to lift local government debt and boost its economy, following a meeting of lawmakers eyeing the possibility of

Policymakers approved a proposal to swap six trillion yuan ($840 billion) of hidden debt belonging to local governments