China deficit
PBOC Urges Higher Fiscal Deficit Ahead of G-20 Talks
| Carlos Castillo | | Feb 26, 2016 06:31 AM EST |
Executives and researchers at the People's Bank of China (PBOC) on Wednesday urged Beijing to tolerate a much higher fiscal deficit than its current ceiling allows, claiming cheap bank loans can no longer drive China's economic expansion.
China's Capital Outflow Increases by $104 Billion in First Half of 2015
| Benjie Batanes | | Jul 24, 2015 11:35 AM EDT |
China's capital outflow increased by around $104 billion in the first six months of the year, according to a government economic report that was published on Thursday. If the situation is not remedied soon, it may contribute to the slowdown of the economy.
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