China's Government Faces Worst Fiscal Stress Since 2009.

(Bloomberg) -- China's government is facing the worst fiscal situation since the global financial crisis more than a decade ago, with revenue falling after the government shut down economic activity in February to curb the spread of the coronavirus. China Should Drop 3% Deficit Limit, Former PBOC Official Says The government could also sell more special bonds than it did in 2019 to finance local infrastructure programs. [Extracted from the article]

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