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China Launches $1.4 Trillion Bailout for Local Government Debt Crisis

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Source: Semafor
China Launches $1.4 Trillion Bailout for Local Government Debt Crisis
Photo: Semafor
TL;DR

US Vice President Kamala Harris conceded the 2024 presidential race to Donald Trump, emphasizing the importance of a peaceful transfer of power and unity in her speech at Howard University. Despite her loss, Harris vowed to continue advocating for key issues like abortion rights and gun control. Her concession followed a decisive victory for Trump, which also saw Republicans capturing the Senate, while control of the House remained uncertain. Harris' campaign was marked by challenges, including President Biden's late decision not to seek reelection.

Topics:businesspolitics#2024-presidential-election#concession-speech#donald-trump#kamala-harris#politics#us-politics
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  1. China announces trillion-dollar bailout as debt crisis looms  Semafor
  2. China Reveals $1.4 Trillion Plan to Bail Out Local Governments  The New York Times
  3. China unveils 10tn yuan support for debt-stricken local government  The Guardian
  4. China's latest stimulus falls short of expectations  Reuters
  5. China’s Finance Ministry to Brief at 4 p.m. on Debt Swap Program  Bloomberg

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