Ministries pledge more support for MSMEs

China’s overall economic recovery depends in large part on the survival and business resumption of MSMEs, which the government says provide most of the country’s jobs. So far, efforts to shepherd these companies through the COVID-19 crisis have …
View Post

The shape of stimulus becomes clearer

By targeting a deficit ratio of “more than 3.6%” the government appears to be giving itself leeway to increase spending further if need be, and the higher than expected fiscal deficit target is a clear signal that …
View Post