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China's GDP growth may be restored to...>

CHINA PRESS
CHINA PRESS: China's GDP growth may be restored to pre-pandemic levels and is
expected to reach 3.1%, according to China Securities Journal. Citing Zhu
Jianfang, the chief analyst with leading state-owned investment bank Citic
Securities, the Journal said the ratio of broad fiscal deficits to nominal GDP
should be around 10%, signalling a more expansionary fiscal policy. The ratio is
higher than estimates by market participants and puts China's fiscal stimulus on
par with those of European countries and the U.S, MNI noted. Zhu estimated that
the fiscal stimulus would boost GDP growth by 5.6 percentage points this year. 

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