China approves $1.4 trillion debt package in latest measure to boost flagging economy

China has approved a 10 trillion yuan ($1.4 trillion) plan to bolster its ailing economy by allowing local governments to swap out their hidden debt, unveiling additional stimulus measures to counter a potentially volatile growth path marked by the impending return of Donald Trump to the White House.Finance Minster Lan Fo’an told a Friday press conference the six trillion yuan ($838 billion) debt