China is stepping up its game with a proactive fiscal strategy aimed at supercharging economic growth. Finance Minister Lan Fo'an announced a series of key measures designed to navigate both internal and external challenges.
Key Measures Include:
- 📉 Robust Deficit Arrangements: Enhancing deficit management to ensure fiscal stability.
- 💰 Strengthened Expenditure Intensity: Increasing government spending to drive growth.
- 📈 Expanded Government Bond Issuance: Issuing more bonds to fund important projects.
- 💸 Increased Transfer Payments: Boosting financial support to various sectors.
- 🔧 Reinforced Support for Critical Sectors: Providing targeted assistance to essential industries.
Lan emphasized that the central government has ample reserve tools and policy space to address any potential uncertainties, ensuring a stable economic environment.
Reference(s):
China to advance more proactive fiscal strategy with key measures
cgtn.com
