CHINA TOPIX

11/02/2024 11:28:55 am

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fiscal reforms

Proactive Fiscal Reforms

PBOC Urges Higher Fiscal Deficit Ahead of G-20 Talks

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.

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