Bond issuances set to surge this year on fiscal pressure

More measures to boost capital necessary due to high expenditure, say experts

An expected lower fiscal deficit-to-GDP ratio this year and a continual tax cut plan could add fiscal pressure on China and may result in a possible acceleration of bond issuance, analysts said on Thursday.

The 2018 annual fiscal deficit ratio, which may be lower than last year's 3 percent, will be proposed to the country's top legislature during the first session of the 13th National People's Congress, which will open on Monday, fiscal experts said, with some predicting it will be around 2.7 percent.