G-20
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 Reverses Decision, Now Supports G-20 Anticorruption Plan
| Kat De Guzman | | Nov 17, 2014 12:42 AM EST |
China first opposed the anti-corruption plan of the Group of 20 (G-20) but in a meeting over the weekend, the country reversed its stand and supported the transparency measures that would reveal the beneficial owners of companies all over the world.
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