Analysis-China to choose fiscal muscle over big reforms to revive economy By Reuters investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.
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 set to unleash
fresh fiscal stimulus to shore up its economic recovery, drawing
on a well-used playbook that relies heavily on debt and state
spending but falls short on the deeper reforms.
China to choose fiscal muscle to revive economy malaya.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaya.com.ph Daily Mail and Mail on Sunday newspapers.
The central government formalized a process for local governments to borrow for the year ahead starting in the preceding fourth quarter, state media said.