• Thu, March 6, 2025

by: CNBC

China has more room to act on fiscal policy amid global uncertainties, finance minister says

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by: Reuters

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China has more room to act on fiscal policy amid global uncertainties, finance minister says

China has more room to act on fiscal policy amid domestic and external uncertainties, Finance Minister Lan Fo'an told reporters on Thursday.
China's Finance Minister, Lan Fo'an, expressed at the 2023 Financial Street Forum in Beijing that China has significant leeway to implement fiscal policies to bolster its economy amidst global uncertainties. He highlighted the government's commitment to enhancing domestic demand, supporting the real economy, and maintaining economic stability. Lan emphasized the importance of fiscal policy in driving economic growth, particularly through tax and fee reductions, and increasing fiscal spending to stimulate consumption and investment. He also noted that China would continue to refine its fiscal strategies to adapt to both domestic and international economic conditions, ensuring sustainable development and risk prevention.

Read the Full CNBC Article at:
https://www.msn.com/en-us/money/other/china-has-more-room-to-act-on-fiscal-policy-amid-global-uncertainties-finance-minister-says/ar-AA1Am9rC

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