China Opts to Keep Its Powder Dry, Defers Unveiling New Stimulus

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China Opts to Keep Its Powder Dry, Defers Unveiling New Stimulus - Asia Financial

Quick Summary:

Politburo has opted to implement policies quicker rather than launch new spending measures, to maintain flexibility in a fast-changing external environment

The post China Opts to Keep Its Powder Dry, Defers Unveiling New Stimulus appeared first on Asia Financial.

In January-March, government spending rose 4.2% from a year earlier, while revenue fell 1.1%, resulting in a fiscal deficit of 1.26 trillion yuan ($173 billion), the highest first-quarter reading on record, government data showed.