Overseas media: Views on China's 2020 economic targets
chinadaily.com.cn |
Updated: 2020-05-22 17:10
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Fiscal policies
The government pledged to issue 1 trillion yuan of government bonds.
At the same time, it will use monetary policy tools such as required reserve ratio reductions, interest rate cuts and re-lending to help businesses and stimulate the economy.
-- The Straits Times
Li pledged to implement stimulus measures, including fiscal expansion and monetary easing, in a bid to boost the job market across the country.
China will target a deficit-to-GDP ratio of more than 3.6 percent, while issuing special government bonds worth 2 trillion yuan ($280.9 billion) to support local economies, Li said.
-- Kyodo News
