"An expansive fiscal policy should be considered in micro control measures and China is also capable of doing so," he told the newspaper.

他说，应该在微观调控措施中考虑扩张性财政政策，中国也有能力做到这一点。

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Its strong fiscal position, receding inflation and expansionary policy measures should ensure a soft economic landing, but it needs to expedite its effort to diversify the source of growth and strengthen structural reforms for inclusive growth.

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However, fiscal policy is likely to tighten as several fiscal measures expire, knocking some 2% off GDP from January onwards.

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Provided that Brazil regains its nerve on fiscal policy and makes every effort to pass the tough measures it promised, the loan package should stay in place.

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