China MOF Chief Vows to Keep ‘Appropriate’ Size of Spending
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China’s Finance Minister, Lan Fo’an, reaffirmed the need for proactive fiscal policy to help the world’s second-largest economy achieve its economic growth goals this year.
In an article published by the party magazine Qiushi on Saturday, Lan stated that the MOF will use a combination of policy tools, such as deficits, special local bonds, and ultra-long-term special government bonds to maintain an appropriate size of spending.