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MMT Makes Inroads in China With Calls for Bigger Fiscal Stimulus

  • Economists say China should follow U.S. and boost spending
  • Authorities should focus on cost of debt, not level, they say
People Return to Work in Shanghai's CBD After Golden Week Holiday
Photographer: Qilai Shen/Bloomberg

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China’s government is facing more calls to reduce its concerns about debt, with several influential economists arguing that authorities should follow the U.S. playbook and borrow more to spur the economy.