Beijing should adopt a more proactive fiscal policy in response to rising global uncertainties, particularly following the outbreak of war in the Middle East, a central bank adviser said on Tuesday.
While many Chinese economists agree that fiscal discipline is essential for long-term sustainability, current circumstances may call for a different approach, said Huang Yiping, dean of Peking University’s National School of Development.
“What we see at the moment is rising uncertainties. We are very…

Read More