US Edition"China has no choice but to increase debt levels"
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"China has no choice but to increase debt levels"
A leading Chinese economist has called for Beijing to accept higher debt levels over the long-term, as part of a profound transformation of its attitudes towards debt-fuelled fiscal policy.Luo Zhiheng (罗志恒) believes China needs to further extend the current cycle of expansionary fiscal stimulus that first kicked off in the wake of the Global Financial Crisis nearly two decades ago.ShareGet smarter about China’s macroeconomic and monetary policy.…
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