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China Should Consider Issuing Special Treasury Bonds: Times

CHINA PRESS
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China should issue CNY2 trillion of special Treasury bonds to fund epidemic control and subsidise consumer coupons to lower-income groups, the Securities Times reported citing analysts. Fiscal policy should strengthen support for small business financing by offering fiscal discounts, loan guarantees or increasing the write-off of non-performing loans, the newspaper cited analysts as saying. It is necessary to expand fiscal discounts for struggling companies, the newspaper said citing Wang Yifeng, chief banking analyst at Everbright Securities.

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China should issue CNY2 trillion of special Treasury bonds to fund epidemic control and subsidise consumer coupons to lower-income groups, the Securities Times reported citing analysts. Fiscal policy should strengthen support for small business financing by offering fiscal discounts, loan guarantees or increasing the write-off of non-performing loans, the newspaper cited analysts as saying. It is necessary to expand fiscal discounts for struggling companies, the newspaper said citing Wang Yifeng, chief banking analyst at Everbright Securities.