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Free AccessChina should strive to stabilize 2020...>
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.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.