Reported about 18 hours ago
China has sufficient fiscal policy tools and space to support economic growth this year, with plans for increased spending to stimulate investment, stated Vice Finance Minister Liao Min. Proactive fiscal measures with greater strength, efficiency, and timing are expected as the government responds to emerging challenges both domestically and internationally. Authorities aim for a budget deficit of 4% of GDP while targeting a growth rate of around 5%.
Source: YAHOO