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China fiscal policy 'has room to support the economy'

Reuters  |  BEIJING 

BEIJING (Reuters) - A Chinese central bank research head said on Friday China's fiscal policy has room to support the economy, adding that the central government's fiscal deficit ratio should be higher this year than in 2017.The government should use fiscal funds to replenish the capital of state-owned financial institutions and ease the strain in financial market deleveraging, Xu Zhong wrote for financial media website Wallstreetcn.com. (Reporting by Beijing Monitoring Desk)(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Fri, July 13 2018. 14:34 IST
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