Economics
China Pledges More Proactive Fiscal Policy, More Tax Cuts
- Ministry of Finance says more tax cuts are planned for 2017
- Cuts would also weigh on government revenue, economist says
What to Expect From Growth in China in 2017
This article is for subscribers only.
China pledged more proactive fiscal policy in 2017 while vowing to enhance control over local government debt as policy makers seek to sustain steady growth and defuse risks.
Fiscal policy will be more proactive and effective, and more tax cuts will be rolled out, the Ministry of Finance according said in a statement Thursday. China will "reasonably" expand spending and improve efficacy, while strengthening management of local government debt.