China’s Finance Minister Reiterates Plan for Fiscal Expansion
- Liu Kun also restates pledge to avoid building systemic risk
- China aims to bolster growth in 2023 after slowdown in 2022
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China’s Finance Minister Liu Kun reiterated plans to appropriately expand fiscal spending to aid economic recovery, while pledging to prevent systemic risks.
Liu said, according to an interview with the official Xinhua News Agency on Tuesday, that China’s recovery is still not solid. He cited risks including a contraction in demand and disruptions to supply.