China’s Looming Budget Hole Poses Risk to Stimulus Efforts
Pedestrians wearing protective masks take shelter under umbrellas while waiting to cross a street in Hong Kong, China. (Photographer: Ivan Abreu/Bloomberg)

China’s Looming Budget Hole Poses Risk to Stimulus Efforts

(Bloomberg) -- China’s plan to ramp up spending to support the economy is meeting an inevitable challenge: a slump in income due to the pandemic-induced downturn.
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