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Fiscal Policy Should Be More Proactive In H2 - Advisors

CHINA PRESS
MNI (Singapore)

China may issue additional government bonds to deliver fiscal spending targets this year, due to declining tax and local land sales revenue, China Securities Journal reported, citing Zhang Bin, deputy director at the Chinese Academy of Social Sciences. Authorities can expand fiscal funds by issuing more special refinancing bonds, increasing pledged supplementary loans to leverage key construction projects, and revitalising state-owned assets, said Wen Bin, chief economist at Minsheng Bank.

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