This is a China news story, published by CNBC, that relates primarily to National People's Congress news.
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local debt limitCNBC
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85% Informative
Standing committee of China 's National People's Congress is meeting this week and widely expected to approve further fiscal support for the country's slowing economy.
New debt would go toward replacing hidden debt, the report said.
China has about 50 trillion yuan to 60 trillion yuan ( about $7 trillion to $8.45 trillion ) in outstanding hidden debt.
VR Score
92
Informative language
95
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60
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formal
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English
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54
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Known propaganda techniques
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Time-value
short-lived
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