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Fiscal Stance Unchanged Following CEWC

CHINA PRESS
MNI (BEIJING)

The Central Economic Work Conference indicated next year’s fiscal stance remained unchanged and the deficit ratio could exceed 3% with the central government taking the lead, according to Luo Zhiheng, chief economist at Yue Kai Securities. Authorities will maintain positive fiscal policy to support the expansion of total demand and prevent economic and social risks, Luo added. Feng Qiaobin, deputy secretary-general at the China Finance Society said the conference emphasised the need to stabilise the macro economy next year, considering pandemic scar effects have not completely faded. (Source: Yicai)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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