China ex main bank advisor proposes $1.4 trillion in stimulus steps

China ex main bank advisor proposes $1.4 trillion in stimulus steps

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HONG KONG (Reuters) – China might concern ultra-long-term treasury bonds within 2 years to create at least 10 trillion yuan ($1.4 trillion) worth of stimulus to the economy, a previous main bank consultant stated on Saturday, according to state media.

China must present a basket of procedures, focusing on boosting social securities, purchasing unsold apartmentorcondos for budget-friendly realestate and speeding up metropolitan building, Liu Shijin, previous vice president of Development Research Center of the State Council, informed the China Macroeconomy Forum, the S

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