Logo 26 Feb 2021

A negative fiscal impulse

Subscribe to keep reading.

Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.

Already a subscriber? Log in.

On the short-term macro font, the most important policy setting to watch will be on the fiscal side.

Some context: Over the past two years, China’s macro policymakers have leaned heavily on the fiscal lever to support growth.

This has marked a sea change in macroeconomic management – as ...