2024.11.08
·Verified
·Importance IV
·Sources 3
·China
On November 8, 2024, the Chinese Communist Party approved a quota of 6 trillion yuan for replacing hidden debt, rolling over and cutting interest rates on local government financing vehicle (LGFV) debt at a pace of 2 trillion yuan per year, effectively shifting losses onto creditors.
2024.11.08
·Reported
·Importance II
·Sources 2
·China
In early November 2024, hundreds of thousands of college students in Zhengzhou, Henan rode shared bikes at night into Kaifeng, triggering large-scale gatherings. Universities in Henan and many other places subsequently locked down their campuses and barred students from going out, while traffic police in both cities imposed a full closure of the Zhengkai Avenue.