Lou suggested removal of trade barriers and more encouragement for companies to invest.Trade barriers are more likely to go up in the next couple of years.
China, he said, still has ample room for fiscal policy adjustment, is likely to raise the deficit ratio and will continue to cut taxes to support innovation and small businesses.
China raised its fiscal-deficit-to-GDP ratio to 2.3 percent for 2015, compared with the 2014 target of 2.1 percent, with the number expected to rise to 3 percent or more in 2016.
Inflation in everything you need, deflation in everything you want
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Australian households are struggling financially. Real per capita household
final consumption fell by 2.5% in 2023, driving the nation’s per capita
reces...
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