November 28, 2024 01:37 GMT
CHINA PRESS: China Needs To Front Load Debt Relief
CHINA PRESS
China’s central government plans to balance the implementation of CNY10 trillion bonds to alleviate local government debt over three-to-five years was at odds with the economy’s need for greater short-term relief, according to Lian Ping, chairman of the China Chief Economist Forum. Lian argued authorities should front load measures in year one and two to ease debt pressure, improve liquidity conditions and promote regional investment and consumption growth, Lian added.
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