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CHINA PRESS: China Needs Combination Of Stimulus, Reforms - Report

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

China must implement extraordinary countercyclical policies while deepening economic reform to achieve 5% GDP growth in 2025, according to a report by the Institute of Chinese Path To Modernisation at Nankai University. Countercyclical measures should focus on boosting consumer spending and improving investment efficiency, which require greater fiscal expenditure on social security, the report said. Authorities need to increase residents' proportion of national income and labour remuneration of primary distribution.

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China must implement extraordinary countercyclical policies while deepening economic reform to achieve 5% GDP growth in 2025, according to a report by the Institute of Chinese Path To Modernisation at Nankai University. Countercyclical measures should focus on boosting consumer spending and improving investment efficiency, which require greater fiscal expenditure on social security, the report said. Authorities need to increase residents' proportion of national income and labour remuneration of primary distribution.