China Economy: China is planning to implement fiscal stimulus measures to support its economic recovery, relying on debt and state spending. Some government advisers are suggesting increasing the budget deficit target beyond 3% of GDP to issue more bonds. While China s economy grew faster than expected in Q3 2021, concerns remain about the decline of the private sector and the lack of long-term reforms needed for sustainable growth. The focus is currently on sustaining the fragile recovery.
China is planning to implement fiscal stimulus measures to support its economic recovery, relying on debt and state spending. Some government advisers are suggesting increasing the budget deficit target beyond 3% of GDP to issue more bonds. While China s economy grew faster than expected in Q3 2021, concerns remain about the decline of the private sector and the lack of long-term reforms needed for sustainable growth. The focus is currently on sustaining the fragile recovery.
Chenchao Lian | East Asia Forum eastasiaforum.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eastasiaforum.org Daily Mail and Mail on Sunday newspapers.