This from Friday, Reuters with a follow up
China Securities Journal front-page editorial on Friday
- "In order to maintain a certain economic growth rate, infrastructure construction needs to rebound significantly"
- "And as infrastructure projects are mainly funded by the government, the recovery in infrastructure investment needs an increase in fiscal deficit as support,
- allowing a bigger deficit would also offset the impact of a drop in fiscal revenues due to planned tax cuts.
This was Friday (I posted then, this a bit more, here is the link
