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The Global Times runs a story noting that.....>

CHINA
CHINA: The Global Times runs a story noting that "revitalizing China's virus-hit
economy will require consumer spending, which could be spurred by giving money
to half of the country's population, a Chinese expert suggested on Thursday. The
government could issue 1.4 trillion yuan ($198 billion) special bonds, which
would provide 2,000 yuan per person to 50 percent of the population that earns
lower incomes, said Yao Yang, director of the China Center for Economic Research
at Peking University, in an interview with thepaper.cn. The suggestion is in
consideration of this economic downturn amid the COVID-19 pandemic, Yao said."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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