China unveils 6 trillion yuan debt-relief plan to support economy

China has introduced a new debt-relief plan worth 6 trillion yuan (US$833 billion) following a meeting of its top legislative body. This plan aims to support weaker segments of the economy through debt restructuring rather than traditional fiscal measures. Economists suggest that this approach may not fully reassure foreign investors. They emphasize the need for more effective stimulus to boost consumption and essential demand, which has been slow to improve. Experts highlight the importance of increasing flexibility in fiscal policies, such as a higher deficit ratio and special government bonds, to better stimulate the economy in the future.