China's finance minister promises 'appropriate' 2023
China will step up fiscal expansion in an appropriate manner in 2023 by boosting fiscal spending and investment via local... moreChina's finance minister promises 'appropriate' 2023
China will step up fiscal expansion in an appropriate manner in 2023 by boosting fiscal spending and investment via local government special bonds to spur the economy, state media Xinhua reported on Tuesday (Jan 3), citing the finance minister Liu Kun.To get more china finance news 2023, you can visit shine news official website.
Chinese policymakers have pledged to strengthen policy adjustments to cushion the impact on businesses and consumers of a surge in COVID-19 infections after Beijing's abrupt COVID-19 policy U-turn.The world's second-largest economy also faces declining exports due to slow global growth and a protracted property slump at home, which also reduced local governments' revenue from land sales.
Liu said in an interview with Xinhua that the government needed to expand fiscal expenditure, use local government special bonds to drive investment and increase transfer payments from the central government to poor and less developed... less