Chinese economists urge Beijing to expand central borrowing before low-price window closes

Three prominent advisers are publicly pressing Beijing to accelerate local government debt resolution and increase central fiscal spending. Fixed-asset investment fell 7.2% year-on-year in the first eight months of 2026, and economists argue China's unusually low domestic price levels — CPI at 0.

Photo: Wikimedia CommonsPhoto: Yongxinge, CC BY-SA 3.0 / Wikimedia Commons