China's policy debate deepens as trade war threatens economy
Updated : July 20, 2018 04:18 PM IST
An article in Financial News, which is run by the People's Bank of China (PBOC), quoted analysts as calling for an adjustment to fiscal policy and some loosening of financial regulations, saying monetary policy would not be able to resolve corporate funding challenges on its own.
As China's economic growth slows, it has sparked a debate among government researchers on whether fiscal policy should help to soften the impact of a trade war with the United States.
Research firm Capital Economics said that China's Ministry of Finance will loosen policy as pressure mounts due to a slowing economy.
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