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China May Increase Fiscal Expansion in Q4: Times

CHINA PRESS
MNI (Singapore)

China may increase fiscal expansion in Q4 by accelerating local government bond issuances to support growth next year, given weakening leading indicators including PMI's new export order index, property sales and investment have signaled certain growth pressure, the Securities Times reported citing analysts. Targeted measures to stabilize the operation of SMEs and boosting employment remain the top priority in H2 as growth normalizes, the newspaper said. China's Q2 GDP grew 7.9% y/y, averaging 5.5% over the last two years, lower than the 6% growth in Q2 2019, the newspaper added.

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