China Embracing Expansionary Fiscal Policy

• 作 者: Betty Rui Wang Shuang Ding
• 机 构: StandardCharteredBank（HK）Limited
• 出 处: China's Foreign Trade
• 发表日期: 2016年2期
• 关键词: DEFICIT FISCAL BUDGET official revenue SPENDING CONSERVATIVE instead likely EXPE

<正>China’s 2016 budget deficit target of 3%of GDP confirms expansionary fiscal stance;we estimate 3.8% Tax cuts,instead of spending stimulus,are the major reason for the larger deficit The enlarged deficit will be financed by bond issuance and gover