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The People's Bank of China should extend programs providing credit support to small firms this year as these companies continue to face economic hardship, said Wang Yiming, a vice chairman with China Center for International Economic Exchanges, an official think tank.
Fiscal spending in 2021 should remain strong enough to support the economy and monetary policy should aim to keep the macro-leverage ratio relatively stable, he said.
Wang, the former vice president of the Development Research Center of the State Council, was speaking at a seminar Tuesday.