China’s Fiscal Dilemma

Yu Yongding BEIJING – COVID-19 hit the Chinese economy hard in the first quarter of 2020, causing real GDP to contract by 6.8% year on year. But since the city of Wuhan emerged from lockdown in early April, the economy has gradually returned to normal, and grew by 3.2% in the second quarter. According to the consensus […]

The post China’s Fiscal Dilemma appeared first on East African Business Week.

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