Key Points
- China’s slowing economy needs more than interest rate cuts to boost growth, analysts said.
- “We will need a major fiscal policy support to see higher CNY government bond yields,” said Edmund Goh, head of China fixed income at abrdn.
- There’s still a 1 trillion yuan shortfall in spending if Beijing is to meet its fiscal target for the year, according to an analysis by CF40, a major Chinese think tank focusing on finance and macroeconomic policy.
