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Economist calls for stronger fiscal policy, more government bonds


China should adopt an expansionary and much stronger fiscal policy and increase government spending in a move to prevent further economic slowdown, said Yu Yongding, a prominent economist at the Chinese Academy of Social Sciences, China's top state think tank, and former advisor to the People's Bank of China (PBOC), at a forum last week.

"The biggest challenge for China right now is the economic slowdown and many economists expect the growth rate to decelerate further to 6 . . .

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