On December 27, Yu Yongding, member of the Faculty of the Chinese Academy of Social Sciences, stated at the Sanya Finance and Economics International Forum and the 5th Sanya Wealth Management Conference that the key to whether China's economic growth rate can be maintained at 5% next year is the strength of fiscal policy expansion. China's central fiscal policy space is large, and residents' demand for treasury bonds is strong, so it is entirely possible to significantly increase the deficit rate. If the deficit rate is raised to around 5%, the central government can fully issue large-scale debt to support infrastructure investment.

On December 27, Yu Yongding, member of the Faculty of the Chinese Academy of Social Sciences, stated at the Sanya Finance and Economics International Forum and the 5th Sanya Wealth Management Conference that the key to whether China's economic growth rate can be maintained at 5% next year is the strength of fiscal policy expansion. China's central fiscal policy space is large, and residents' demand for treasury bonds is strong, so it is entirely possible to significantly increase the deficit rate. If the deficit rate is raised to around 5%, the central government can fully issue large-scale debt to support infrastructure investment.