BEIJING (China Daily/ANN): China will modestly raise its budget deficit ratio, issue special sovereign bonds and bolster the scale of local government bonds as part of a slew of macroeconomic policies to cope with impacts of the Covid-19 pandemic, according to a decision made at a key meeting of the Communist Party of China on Friday (March 27).
The meeting of the Political Bureau of the CPC Central Committee, presided over by Xi Jinping, general secretary of the CPC Central Committee, underlined the importance of further macro policy adjustment and better implementation to counter impact from the outbreak.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
