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he United States, may lead to weaker business confidence and slower
global trade growth, which is expected to weigh on investment and exports in 2020. But in the n
ear term, as China shows positive surprise in GDP growth in the first quarter, and the macroeconomic policies hav
e taken effects on stabilizing the growth, the GDP growth rate is likely to stay at 6.2 percent, the report said.
“In response to the growth moderation and less favorable external conditions, the government in
troduced a fiscal stimulus emphasizing tax incentives,” said Martin Raiser, World Bank Country director for China.
“While the central government has fiscal space to further increase spending, if necessary, the additional stimulus should be ap
propriately funded either directly at the central level or through additional fiscal transfers to the provinces. Highe
In addition, a thread on Weibo, China’s Twitter-like comments platfor
m, titled “eating alone” contains 226,000 posts and has garnered 290 million hits.
In 2017, WithEating Magazine, a Chinese foodie journal, started its Eati
ng Alone channel on Bilibili, a popular video-sharing website. To date, the channel, wh
ich has 52 episodes explaining how to prepare meals for one, has attracted more than 200 million hits.
In February, the magazine published a book of the same name, listing 65 recipes for dishes ranging fr
om desserts to foreign cuisine, such as roasted ribs, the Korean favorite bibimbap and seafood curry.
To many people’s surprise, it became a best-seller. “We didn’t expect the book to sell so we
ll. We didn’t print enough copies initially,” the magazine said on its Weibo account last month.
magazine of the Communist Party of China Central Committee. He said more efforts a
re needed to implement the proactive fiscal policy and boost efficiency this year.
Preventing and defusing local governments’ hidden debt risks is key to controlling major risks, he said.
Innovative financial tools will be introduced for debt swaps, and the indebted comp
anies will be allowed to choose the same way, under guidance from the local governments, Liu Shangxi, hea
d of the Chinese Academy of Fiscal Sciences, the Ministry of Finance’s think tank, told China Daily.
“The total amount of hidden debt waiting to be swapped has not yet been calculated, as this
round of debt swaps will not involve the government’s administrative orders, but depends on the ma
rket’s appetite based on the evaluation of the potential default risks and the companies’ solvency,” he said.