China Expected to Keep Its Deep Pockets Open to Boost Its Economy

Updated on
  • Economists forecast fiscal deficit will surpass budget target
  • True spending power is seen more than double the budget level

China is seen keeping its deep pockets open in the second half and through 2017, despite having front-loaded spending earlier this year, as fiscal policy takes over from broad monetary easing as the major prop to growth.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.