BEIJING -- China will ramp up fiscal efforts to aid the ailing global economy that has been buffeted by the coronavirus pandemic, setting a higher threshold for deficit spending and issuing a special type of bond last seen 13 years ago.
The Communist Party Politburo discussed adjusting macroeconomic policy at a Friday meeting, the state-run Xinhua News Agency reported, a day after leaders of Group of 20 nations pledged $5 trillion to boost the global economy over fears of a worldwide recession.
