China adding stimulus to boost demand

BEIJING (China Daily/Asia News Network): China is expected to consider launching more monetary support and fiscal stimulus at an early date to boost domestic demand, providing a key driving force for its economy and global growth, government policy advisers and economists said.

Sensible policy options include trimming the amount of money lenders hold as reserves, granting low-income households cash subsidies, raising the deficit-to-gross domestic product ratio or issuing special treasury bonds and allocating part of next year's quota of local government special bonds in advance, they said.