Economics
China Plans More Fiscal Stimulus as Economy Outlook Darkens
- Local governments could sell more than $200 billion of bonds
- Goldman Sachs, Nomura have cut their GDP forecasts sharply
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China’s state media said local governments could sell more than $229 billion of bonds to fund infrastructure investment and plug budget gaps, a further move by Beijing to shore up an economy hit by worsening coronavirus outbreaks and a property slump.