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MNI BRIEF: China Needs Fiscal Stimulus

MNI (BEIJING) - Authorities need to expand fiscal policy to boost infrastructure investment and consumption to ensure the 5% annual growth target is met, following the central bank's recent easing, policy advisors at the Tsinghua PBCSF Chief Economists Forum said on Saturday.

Boosting infrastructure spending in projects including urban sewers and cables was needed to restart the economy in the short-term, given consumption was weighed down by weak income growth and falling asset prices, said Yu Yongding, a former PBOC advisor.

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MNI (BEIJING) - Authorities need to expand fiscal policy to boost infrastructure investment and consumption to ensure the 5% annual growth target is met, following the central bank's recent easing, policy advisors at the Tsinghua PBCSF Chief Economists Forum said on Saturday.

Boosting infrastructure spending in projects including urban sewers and cables was needed to restart the economy in the short-term, given consumption was weighed down by weak income growth and falling asset prices, said Yu Yongding, a former PBOC advisor.

Keep reading...Show less