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China fiscal policy has 'ample room' to support economy: research head

Reuters  |  BEIJING 

BEIJING (Reuters) - China's fiscal policy has "ample room" to support the economy, the central bank's chief researcher said in an opinion column on Friday, adding that the policy has not been active enough.China's budget deficit goal this year of 2.6 percent indicates a contractionary fiscal policy and this year's actual deficit ratio should be higher than last year's 3 percent, Xu Zhong, the research head at the People's Bank of China (PBOC), wrote for the financial media website officials have long stated China would maintain a proactive fiscal policy. The ...

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First Published: Fri, July 13 2018. 15:51 IST