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G Sachs: CN Saving Fiscal Firepower to Prepare for Trump Presidency
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Andrew Tilton, Goldman Sachs' chief economist for Asia Pacific, told Bloomberg that the Chinese government might still hold a large amount of fiscal largesse in reserves until it really needs it to withstand blow to China's economy from Donald Trump's presidency on the US. One of the reasons the Chinese government is cautious about implementing large fiscal or demand stimulus measures is the potential risk of Trump presidency, Tilton said, believing that China is saving its fiscal firepower to preserve more policy space for 2025. AAStocks Financial News |
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