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It is not appropriate for China to......>

CHINA PRESS
CHINA PRESS: It is not appropriate for China to excessively expand the issuance
of local government special bonds to boost infrastructure investment as this
could crowd-out private investment, according to a report in the 21st Century
Business Herald. Citing Liu Shangxi, the director of the Chinese Academy of
Fiscal Sciences, the Herald's report said tax and fee cuts in 2020 can be borne
by the central government through expanding the deficit to ease the fiscal
burdens of local government. 

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