ICYMI - China set to ramp up and broaden its fiscal support in the second half of the year

ICYMI - China is set to ramp up and broaden its fiscal support in the second half of the year, according to Shanghai Securities News, citing industry experts.

The piece made the following points, in brief:

• Authorities are expected to both accelerate the rollout of existing policies and introduce new reserve measures as needed.
• There is still room for more fiscal stimulus, including additional special bond issuance, support for purchasing unsold properties, and the use of policy-based financial tools.
• Other possible steps include creating dedicated funds for property market relief and foreign trade stabilisation.
• Analysts also pointed to the potential for raising the fiscal deficit target and expanding local and ultra-long special government bond programs.

This article was written by Eamonn Sheridan at www.forexlive.com.

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