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10 trillion debt-for-equity swap, real estate tax policies will be introduced in the near future... One article to understand the NPC press conference
Starting from 2024, China will allocate 800 billion yuan from the annual increase in local government special bonds for five consecutive years, specifically for debt restructuring, with a cumulative potential to replace 4 trillion yuan in hidden debt. In addition, with the 6 trillion yuan debt ceiling approved by the National People's Congress Standing Committee this time, it will directly increase local debt resources by 10 trillion yuan.
111: Board Appoints Yang Chen, Currently Serving as Senior Finance Executive, as a New Director >YI
111: Chen Resigned Due to Personal Reasons >YI
Express News | 111 Inc - Appoints Yang 'luke' Chen as New Director
Express News | 111 Inc - Leon Lian Yong Chen Resigns as Director of 111, Inc.
Express News | 111, Inc. Announces Change to Board of Directors
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