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China may need to issue more government bonds to secure investment funds if it wants to reach a GDP growth target of 2.5 percent this year, said leading economist Yu Yongding.
China promised a more proactive and effective fiscal policy in 2017, with the fiscal deficit set at 3 percent of GDP, or 2.4 trillion yuan, up 200 billion yuan from 2016.
China will blaze a new path of shock-resilience and positive growth cycles which will center on stabilizing employment, energizing the market, stimulating demand and achieving stable growth, according to a government work report delivered by Premier Li Keqiang at the annual national legislative session.
China made the decision to not set a target for economic growth for 2020 after full consideration of the uncertainties about the COVID-19's impact, according to the country's top economic regulator.
China may adopt a differentiated timetable, with big cities like Beijing and Shanghai achieving the goal as early as 2030, with less developed regions at a later time, he told CNR News.
来源：资阳报