Free Trial

MNI POLICY: China Should Be Cautious..........>

CHINA
CHINA: MNI POLICY: China Should Be Cautious Raising Deficit: Advisor
- China should be "particularly cautious" when deciding on increasing fiscal
deficit, as the rising debt level may lead to either regional or systemic
financial crisis, Gao Peiyong, Vice President of the Chinese Academy of Social
Sciences, said on Saturday. "The increase should be restrained" even if
necessary, said Gao at the China Capital Market Forum in Beijing. The government
will further cut its general expenditure to support expansionary fiscal policy
and the policies will have a stronger impact on the economy than in 2019, Gao
said.
- For full story see MNI Main Wire at 22:00 GMT 01/12 or contact
sales@marketnews.com for access.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.