Muscular fiscal policy needed to spur growth, expert says

China may need to intensify expansionary fiscal policy aimed at accelerating economic growth through issuing more government bonds to secure funds for investment and targeting GDP growth of 2.5 percent this year, according to a leading Chinese economist.

"China urgently needs a growth boost" relying on an accelerated growth of infrastructure investment, said Yu Yongding, senior fellow and academician at the Chinese Academy of Social Sciences. Yu made the remarks at a forum titled "Stronger together: Global recovery from COVID-19" jointly organized by the Chinese Academy of Social Sciences and China Daily on Wednesday.