China needs to weigh economic ‘consequences’ of coronavirus stimulus, top Beijing researcher says

China needs to weigh economic ‘consequences’ of coronavirus stimulus, top Beijing researcher says

China needs to consider the costs of its emergency coronavirus stimulus and prepare to scale back support in a timely manner, according to a top researcher in Beijing.China has released a flurry of stimulus measures to revive the economy in recent months, including the issuance of special treasury bonds, lower lending rates, tax exemptions and lifting the fiscal deficit ratio to 3.6 per cent of gross domestic product (GDP).But Gao Peiyong, vice-president at Chinese Academy of Social Sciences, a…


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