Lates News

Wang Qing, Chief Macro Analyst of Orient Securities, stated that in the second half of the year, according to the situation at hand, the fiscal policy may potentially launch a "three arrows" strategy, meaning further raising the target fiscal deficit ratio, increasing the issuance of special bonds by local governments and issuing super long-term special national bonds. Among them, the necessity for increasing the scale of funds to support the policy of trading in old for new is the greatest, as it can directly support the transformation of exports into domestic sales.