Free Trial

China should not raise its deficit to...>

CHINA PRESS
CHINA PRESS: China should not raise its deficit to more than 3% of its GDP next
year, the National Business Daily reported today citing Feng Qiaobin, a
professor at the Chinese Academy of Governance. Other proactive fiscal policy,
including increasing budget expenditure, issuing more debt and reducing taxes,
can serve better boosting the economy, Feng was cited saying. 
- Keeping the rate below 3% can send a signal to local governments, reminding
them to control the investment and financing expansion, especially to strictly
control the increase of debt, the Daily said citing Feng.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.