China’s economy fell by 6.8 per cent in the first quarter of the year, its first decline since comparable records began. Photo: EPA-EFE
Coronavirus: China should raise US$700 billion from special bonds to kick-start economy, top adviser says
- Massive fundraising effort necessary to offset ‘unprecedented’ impact of coronavirus pandemic, says Liu Shangxi, president of the Chinese Academy of Fiscal Sciences
- People’s Bank of China should buy the ‘risk-free’ bonds at zero interest and then sell them on at a later date, he says
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China’s economy fell by 6.8 per cent in the first quarter of the year, its first decline since comparable records began. Photo: EPA-EFE
