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China Leading Indicators Show Rebound

CHINA PRESS
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China’s economy shows increasing signs of recovery with a recent rebound in leading indicators such as PMIs, according to Zhang Yansheng, chief expert at the China Center for International Economic Exchanges. Zhang, speaking at a forum, expected the government's fiscal deficit to rise in 2025 to support local authorities, enterprises and residents. Officials need to expand domestic demand and imports to deal with increasing foreign trade difficulties, Zhang added. China will need to raise more special treasury bonds to assist local governments in addition to lowering the cost of debt burden, Song Min, a former economics dean at Wuhan University said.

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China’s economy shows increasing signs of recovery with a recent rebound in leading indicators such as PMIs, according to Zhang Yansheng, chief expert at the China Center for International Economic Exchanges. Zhang, speaking at a forum, expected the government's fiscal deficit to rise in 2025 to support local authorities, enterprises and residents. Officials need to expand domestic demand and imports to deal with increasing foreign trade difficulties, Zhang added. China will need to raise more special treasury bonds to assist local governments in addition to lowering the cost of debt burden, Song Min, a former economics dean at Wuhan University said.