China's Fiscal Situation Has Worsened, Natixis Says

The transcript discusses China's economic growth, highlighting concerns about structural reforms and cyclical slowdowns. It examines the impact of negative investment sentiment and the introduction of the Targeted Mid Term Lending Facility (TMF) to encourage private sector lending. Additional measures, such as bond financing and equity pledging, are also explored to support the economy amid a worsening fiscal deficit.

What is the significance of the targeted mid-term lending facility mentioned in the text?

Discuss the fiscal situation in China as described in the text.