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In a recent interview with #ChinaPerspectives, Zhang Bin, a senior researcher at the China Finance 40 Forum and a national political adviser, said that there remains room for relaxing the definition of new implicit local government debt, which is strictly prohibited, to accommodate more project investments aimed at enhancing public welfare and boost government expenditures. "If our urgent task at present is to increase aggregate demand, it is important to properly handle the pace of debt reducti
1:45
In a recent interview with #ChinaPerspectives, Zhang Bin, a senior researcher at the China Finance 40 Forum and a national political adviser, said that there remains room for relaxing the definition of new implicit local government debt, which is strictly prohibited, to accommodate more project investments aimed at enhancing public welfare and boost government expenditures. "If our urgent task at present is to increase aggregate demand, it is important to properly handle the pace of debt reducti
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FacebookChina Daily
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