China should not roll back its fiscal stimulus rapidly next year and maintain its accommodative monetary policy to boost the post-coronavirus pandemic economic recovery, the World Bank warned in its latest economic update on China, released Wednesday. Key takeaways (via Bloomberg) “A premature policy exit and excessive tightening could derail the recovery.” “Predicts the world’s second-largest economy will grow 2% this year and 7.9% in 2021 and said the biggest risk to the outlook remains a resurgence of coronavirus.” “Next year’s acceleration will be driven by rising private-sector investment in manufacturing and stronger household spending.” “China could use its fiscal space to hedge against downside risks to growth and ensure a smooth rotation from public to private demand.” “General transfers should be expanded further toward a fully-funded financing pool for universal basic public services.” Related reads China strikes a dovish tone on the policy stance – Standard Chartered PBOC promises sound monetary, financial environment for 2021 – Xinhua FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Brexit News: EU-UK trade deal possible on Wednesday – ITV FX Street 2 years China should not roll back its fiscal stimulus rapidly next year and maintain its accommodative monetary policy to boost the post-coronavirus pandemic economic recovery, the World Bank warned in its latest economic update on China, released Wednesday. Key takeaways (via Bloomberg) “A premature policy exit and excessive tightening could derail the recovery.” “Predicts the world’s second-largest economy will grow 2% this year and 7.9% in 2021 and said the biggest risk to the outlook remains a resurgence of coronavirus.” “Next year’s acceleration will be driven by rising private-sector investment in manufacturing and stronger household spending.” “China could use its fiscal space to hedge… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.