China’s infrastructure plans aim to shore up economy, but experts say Beijing may first need to ease up on local debt

Beijing’s pledge to “front-load” policies that include infrastructure spending to shore up the economy next year will not be effective unless it also loosens its grip on local government debt, according to analysts.At the tone-setting annual central economic work conference that concluded on December 10, China’s leaders emphasised the need to stabilise growth and promised to accelerate fiscal spending, allow the construction of new infrastructure and implement new tax and fee-reduction policies…

Share this:

What do you think?

Leave a Reply

Your email address will not be published. Required fields are marked *

Written by Headlines

Mainstream media is often "Fake News." Nevertheless, one needs to see what others are seeing and then read with discernment.

Landslide at jade mine in Myanmar leaves dozens missing

YouTube Statistics

Chart of the Day: YouTube is Now WeTube, A View of Some Statistics