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China should strive to stabilize 2020...>

CHINA PRESS
CHINA PRESS: China should strive to stabilize 2020 growth at about 5% by raising
the deficit-to-GDP ratio above 3% and issuing an additional CNY1 trillion of
special government bonds, according to an article in the China Economic Weekly.
The Weekly quoted Huang Qifan, vice chairman of the China Center for
International Economic Exchanges and a former mayor of Chongqing city, who also
advocated tax and fee cuts for small companies and transfer payments for areas
affected by the coronavirus outbreak. The central bank should also step up its
purchases of government bonds and further lower the reserve requirement ratio
and interest rates after the epidemic eases in Q2, said Huang. 

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