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China to introduce incremental fiscal policy measures to bolster economy
China will introduce a package of targeted incremental fiscal policy measures in the near future to boost the economy, Minister of Finance Lan Fo'an told a press conference on Saturday. The package includes increasing the debt ceiling on a relatively large scale in a lump sum to replace existing hidden debts of local governments and help defuse their debt risks. Calling it "the strongest debt alleviation measure introduced in recent years," Lan said the move is "undoubtedly a timely policy rain." "It will greatly reduce the pressure on local governments to dissolve debts, free up more resources for economic ... (full story)
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- Posted: Oct 13, 2024 11:20pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,947
