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China will maintain its monetary policy in the coming months, according to the PBOC official.
China will issue the sovereign bonds in the Hong Kong Special Administrative Region, including billion of five-year bonds and billion of 10-year bonds, according to a roadshow held here on Wednesday.
China's announcement came after the US Trade Representative's office released a finalized list of 16 billion dollars' worth of Chinese goods. The tariff hike will take effect on Aug 23, bringing the total worth of Chinese goods facing a 25 percent tariff to 50 billion dollars.
China's GDP is forecast to exceed 90 trillion yuan ( trillion) by 2020, when the nation is expected to have a middle-class population of about 400 million.
China will modestly raise its budget deficit ratio, issue special sovereign bonds and bolster the scale of local government bonds as part of a slew of macroeconomic policies to cope with impacts of the COVID-19 pandemic, according to a decision made at a key meeting of the Communist Party of China on Friday.
来源：资阳报