China should add $180bn to deficit for stimulus: state think tank

CASS proposes consumer vouchers, developer support, rate cuts

20230713N Shopping street

People walk on a Beijing shopping street. The Chinese Academy of Social Sciences recommended that the government issue consumption vouchers to encourage households to spend. © Reuters

IORI KAWATE, Nikkei staff writer

BEIJING -- China should step up economic stimulus measures by expanding the budget deficit by at least 1.3 trillion yuan ($182 billion) this year, a major Chinese state-affiliated think tank says.

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