China to Tilt Looser to Prioritize Growth Next Year: Daily

China will emphasize growth next year, keep monetary and fiscal policies stable with a looser leaning, while focusing on expanding domestic demand and promoting consumption, the Economic Information Daily said in an editorial. China may keep its deficit-to-GDP ratio around this year’s 3.2% as well as maintain the scale of new local government special bonds around 2021’s CNY3.65 trillion, the newspaper said. The top priority will be stimulating spending and investment with more consumption vouchers and measures to encourage car and home appliance sales expected, the newspaper said. The slow real estate sector may improve as construction of affordable housing accelerates, forming the focus of real estate investment next year, the newspaper said.