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Free AccessMNI China Daily Summary: Friday, September 15
US$ Credit Supply Pipeline
China Likely To Add To Pro-Growth Policies: Yicai
China should increase policy intensity to stabilise economic growth, such as new re-lending tools, consumption stimulus, and subsidies for low- and middle-income groups affected by the pandemic, Yicai.com reported citing analysts. China can issue special treasury bonds, which can help to fund infrastructure projects as well as subsidise lower-income groups and smaller businesses with rent, labor costs and interest payments, the newspaper said citing Luo Zhiheng, chief economist of Yuekai Securities. The Politburo meeting in end-April called for new incremental policy tools as well as the accelerated implementation of pro-growth policies announced earlier, the newspaper said.
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