Aggressive monetary easing has not translated into faster growth resulting in inflated asset prices, according to a BNP Paribas report. Photo: ReutersA construction worker eats a bun during a lunch break in front of a wall of a construction site in Beijing April 20, 2015. China's central bank on Sunday cut the amount of cash that banks must hold as reserves, the second industry-wide cut in two months, adding more liquidity to the world's second-biggest economy to help spur bank lending and combat slowing growth.Weighed down by a property downturn, factory overcapacity and local debt, growth is expected to slow to a quarter-century low of around 7 percent this year from 7.4 percent in 2014, even with expected additional stimulus measures. REUTERS/Kim Kyung-Hoon

China’s fiscal ambition to increase debt risks

China is pinning its hopes on fiscal stimulus to bolster growth, which analysts say could increase the government’s debt risk

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Aggressive monetary easing has not translated into faster growth resulting in inflated asset prices, according to a BNP Paribas report. Photo: ReutersA construction worker eats a bun during a lunch break in front of a wall of a construction site in Beijing April 20, 2015. China's central bank on Sunday cut the amount of cash that banks must hold as reserves, the second industry-wide cut in two months, adding more liquidity to the world's second-biggest economy to help spur bank lending and combat slowing growth.Weighed down by a property downturn, factory overcapacity and local debt, growth is expected to slow to a quarter-century low of around 7 percent this year from 7.4 percent in 2014, even with expected additional stimulus measures. REUTERS/Kim Kyung-Hoon
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