China's quest for fiscal expansion

By Dan Steinbock

Mar 04, 2024 12:33 am

Despite disinformation which now rivals the darkest days of the Cold War, the Chinese economy is moving toward a soft rebound and a set of large-scale fiscal and tax reforms to foster growth in the coming years.

CITING a Japanese 'financial journalist,' the US-based Newsweek reported recently that 'China's economy not only expanded less than reported but also contracted in 2023.' Apparently, Newsweek thought it had a scoop.

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