Reuters with the headline
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I should think not: G20 meeting in Shanghai coming up - don't expect currency intervention
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Also - and related, a headline from PBOC's Sheng:
- China's deficit to GDP ratio can be raised to 4% or even higher in future
- Suggests an increasing government debt to offset the lower revenue from cutting company taxes
- China's debt ratio can still be controlled within 70% by end-2025
- Debt repayment risks would not be any higher for the government than when the deficit to GDP ratio was at 4%
Head of Statistics at the People's Bank of China, Sheng Songcheng
Writing in a report, from a piece in the China Securities Journal
(Note: Deficit to GDP ratio was 2.3% in 2015)
