-- China ’s fiscal revenue shrank at the fastest pace in more than a year, fueling expectations that the government could make another rare mid-year budget revision to aid an economic recovery .Hedge Funds’ Bullish Copper Bets Run Into China ’s Slowdown
Authorities have expedited bond sales in recent months to raise funds, as Beijing looks to provide more support to the economy when businesses and households are reluctant to spend. Economists are increasingly calling on Beijing to increase the budget deficit and sell additional sovereign debt to maintain the recovery momentum.
Yu Yongding, a former adviser to China’s central bank, wrote in an article last week that China may need to sell additional sovereign debt this year to ensure that its full-year growth target of around 5% can be achieved. Village on Ukraine's doorstep set to become NATO's biggest European airbase as Putin vows to go 'to the end' in the war
China Economic Recovery The Government Fiscal Deficit Sovereign Debt
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