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China should ensure the sustainability of its fiscal policies, avoid abrupt changes and allow major projects to be properly funded, the People's Daily reported citing Bai Yanfeng, dean of the Central University of Finance and Economics. China should improve the transparency and efficiency of its bond market to tackle hidden local government debt risks, said Bai. China should also train monetary policy tools to better guide financial institutions in supporting target areas, the newspaper reported citing Zeng Gang, the deputy director of National Institution for Finance and Development.

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