China Vows ‘Appropriate’ Fiscal Expansion to Aid Economic Growth
- Budget deficit, special debt tools will be ‘optimized’: MOF
- Transfer payments to increase, illegal debt building banned
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China vowed to expand fiscal spending “appropriately” next year while “optimizing” policy tools including fiscal deficit and special debt as part of efforts to support the nation’s key strategic development.
Government investment will play a stronger role in leading private investment, boosting consumption and stabilizing foreign trade and investment, according to a statement posted on the Ministry of Finance’s website Thursday.