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.
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.
Vouchers Won t Be Enough to Spur Chinese Consumption yicaiglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yicaiglobal.com Daily Mail and Mail on Sunday newspapers.
With geopolitical conflicts intensifying and the COVID-19 epidemic continuing, China needs to protect its industrial chain from both external and internal risks and focus on globalization so as to counter the US attempt to contain its economic development, several renowned economists said at a key forum on Saturday. There have been growing concerns over China’s .