China should raise budget deficit to 3.5%, issue 1 trillion yuan special bonds to curb coronavirus, economists say
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China should raise budget deficit to 3.5%, issue 1 trillion yuan special bonds to curb coronavirus, economists say
STOCKS

China should raise budget deficit to 3.5%, issue 1 trillion yuan special bonds to curb coronavirus, economists say

 

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Some of the most influential economists in China suggest that the government should raise the budget deficit to 3.5 per cent this year and issue at least 1 trillion yuan special government bonds to cope with the impact of the coronavirus outbreak.

China should raise the budget deficit to 3.5 per cent, compared to 2.8 per cent for 2019, which will release 700 billion yuan more funding, according to a report released by China Wealth Management 50 Forum, an academic think tank.

The writers of the report include Wu Xiaoling, former governor . . .

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