📅 1 September 2009
The pilot introduced a basic old-age pension for rural residents, funded through public subsidy and individual contributions. It extended social protection beyond formal urban employment, but...
📅 31 December 2009
Local governments used financing platforms and bank credit to build infrastructure under the stimulus. This expanded local investment capacity but shifted liabilities off-budget and created...
📅 26 September 2024
The Politburo called for forceful fiscal and monetary measures, support for local governments, stabilization of property markets and stronger capital markets. The announcement recognized the depth...
📅 8 November 2024
The legislature authorized additional local-government bonds to replace hidden debt, alongside a multi-year plan using special bonds. The measure aimed to lower near-term repayment pressure and...
