The role of fiscal policy needs to be brought into full play with a focus on securing market players, sustaining employment and driving up consumption, to counter the downward pressure of the economy, experts said.
MIL-OSI China: Targeted moves seen as key to stable economy foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.
Economists advised China to adopt a more proactive fiscal policy, increase government spending and take greater steps to bolster consumption, as the economy may encounter strong headwinds during the lingering COVID-19 pandemic.
Additional fiscal moves needed to boost GDP--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.
China trimmed its holdings of US Treasury bonds for a fourth straight month in March by more than $15.2 billion, taking the total holdings to the lowest level since June 2010, in what experts said was a move to reduce losses as Treasury bond prices slid and help diversify China’s foreign exchange holdings in the long run.