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China’s fiscal dangers ‘extraordinarily extreme’, former finance minister warns forward of key conferences – NEWPAPER24

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China’s fiscal dangers ‘extraordinarily extreme’, former finance minister warns forward of key conferences

2021-02-28 10:30:09

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China’s fiscal state of affairs is “extraordinarily extreme with dangers and challenges”, former finance minister Lou Jiwei has warned, citing fallout from aggressive US stimulus insurance policies, the worldwide financial slowdown in the course of the pandemic, an ageing Chinese language inhabitants and mounting home native authorities debt.Lou supplied his sharp critique in December however the evaluation has solely been made public extra not too long ago, with simply days to go now earlier than China’s political elites meet for his or her annual legislative session…

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