More H2 Fiscal Support - Securities Daily

Experts expect the government to increase the intensity and expand fiscal support in H2 following Minister of Finance Liu Kun’s recent report to the State Council. Tian Lihui, dean at Nankai University, expects authorities to use fiscal support to stabilise growth and employment in H2 and improve household incomes. Another expert mentioned the government will accelerate the use of special bonds in Q3 and might increase the yearly quota in efforts to stabilise demand. Beijing may also increase the use of quasi-fiscal tools, such as subsidised loans for industries with spillover public welfare effects, like technological innovation. (Source: Securitise Daily)