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China's Proactive Fiscal Policies Key to Recovery: Journal

CHINA PRESS
MNI (Sydney)

China needs to place more emphasis on proactive fiscal policies to boost demand, ease employment pressure and solidify the economic recovery, the China Securities Journal said in a commentary. Flexible monetary policies need to be more targeted to prevent looser credit from disrupting the market, the Journal said. Fiscal policies can be ramped up given that more debt has been issued and more funds transferred to local governments. Spending can also be quickly directed to supporting key industries, boosting investments and employment, according to the Journal's commentary.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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