Chinese Finance Minister Lan Fo'an reaffirmed on Sunday the importance of a proactive fiscal policy to boost the country's economic recovery and help the world's second-largest economy meet its economic growth goals this year, according to Bloomberg.
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“He underlined the ministry's commitment to implement the spirit of the Central Economic Work Conference and the specific provisions of the Government Work Report.”
“He underlined the need to continue pursuing a proactive fiscal policy.”
“He underlined the increase in the intensity of fiscal spending.”
“The Ministry of Finance will use a combination of policy tools, such as deficit, special local bonds and special very long-term State bonds“.
Source: Fx Street
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