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China To Combine Stimulus With Reform

CHINA PRESS
MNI (Singapore)

China will focus on combining expanding domestic demand with supply-side structural reform to promote steady growth, Securities Times reported citing advisors. Fiscal resources including CNY4.06 trillion of deficits, CNY3.9 trillion of local government special bonds and CNY1 trillion of ultra-long-term special treasury bonds, should be used to support technological innovation, industrial transformation and infrastructure investment to boost demand, said Wang Yiming, vice chairman of the China Center for International Economic Exchanges.

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