Press "Enter" to skip to content

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 . . .

To continue reading, please subscribe. You will get

  • An indispensable and reliable source of information on China's economy and financial markets
  • Original and in-depth reporting 
  • Details, data and perspectives you don't read elsewhere
  • THE WIRE - a real-time financial news platform focused on China
  • Daily Brief newsletter to get you prepared for every trading day

FREE TRIAL cancel anytime


We highly value independence. We are solely funded by subscriptions from thousands of readers like you. Not ready for our full service? Try Free Weekly Newsletter first.


Already have an account? Sign In