On December 8, US President-elect Don Trump said on NBC's "Meeting with Kristen Welker" broadcast on Sunday that he would not try to replace Federal Reserve Chairperson Jerome Powell after he takes office in January. Asked if he would seek to replace Powell, Trump told Welker: "No, I don't think so." "I think he would [resign] if I told him. But if I asked him [to resign], he probably wouldn't."
On October 12, Minister of Finance Lan Foan said at a press conference of the State Information Office on October 12 that he plans to increase the debt limit on a large scale at one time, replace the local government's stock of hidden debts, and increase efforts to support local governments to resolve debt risks. The relevant policies will be explained in detail to the society after the relevant legal procedures are performed. This policy is the largest measure to support debt in recent years. T...