China Approves $1.4 Trillion Debt Package

China just announced a massive debt package worth $1.4 trillion. But this isn’t a direct economic stimulus.

Instead, the government’s goal is to help local governments balance their books and reduce financial strain.

This approach is different from China’s past strategies, where it would pump money straight into the economy to drive growth.

Finance Minister Lan Foan hinted that more measures are on the way, though analysts think Beijing may be cautious about acting too soon.

With Donald Trump’s return to the White House on the horizon, China might be holding back, waiting to see how the situation unfolds before fully committing to larger economic actions.