China To Further Stabilise Growth In H2-Daily

China is expected to further increase its use of pro-growth policies, with fiscal and monetary policy becoming fully coordinated in the second half of 2022, the Securities Daily reported, citing analysts. Local governments may be allowed to add up to CNY1.55 trillion of special bonds in H222, which would facilitate a continued acceleration of infrastructure investment, the newspaper said, citing Wang Qing, chief analyst of Golden Credit Rating. The People’s Bank of China should keep liquidity reasonably ample amid fiscal expansion, so to prevent market interest rates from rising too quickly, Wang said.