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China Should Keep High Deficit and Local Bonds: Daily

CHINA PRESS
MNI (Sydney)

China should keep its deficit at a relatively high level in 2021 and the scale of local government special bonds at around CNY3.75 trillion to buttress against lingering uncertainties, the Economic Information Daily reported citing Yang Zhiyong, a deputy director of the National Academy of Economic Strategy under the Chinese Academy of Social Sciences. Provincial governments should have clear plans on using the bond proceeds, the newspaper said citing Yang.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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