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prc30 / Peter Alexander
npub1yy3…kawc
2024-10-12 02:45:12

prc30 on Nostr: Ministry of Finance TL:DR If needed #China will expand the fiscal deficit. Note that ...

Ministry of Finance TL:DR

If needed #China will expand the fiscal deficit.

Note that there is no commitment of additional fiscal spending.

Additionally, local governments can use “special bond” proceeds to buy unsold property.

That’s about all that was included in terms of a fiscal response.
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