China’s fiscal spending spree to be bolstered by ‘very special’ 1 trillion yuan payment from central bank

Source: China – South China Morning PostThe sudden announcement that China’s central bank will transfer 1 trillion yuan (US$158.3 billion) to help fuel the government’s fiscal-expansion goals has given rise to questions about the breadth of Beijing’s policy toolkit.And analysts are wondering what policymakers’ next move might entail if economic expansion – more government spending – fails to meet Beijing’s expectations.Experts tend to believe this is just one of many reserve tools that Beijing is considering as it attempts to defend…Read More

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