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2023 Fiscal Gap Will Remain “Prominent” - China Finance Minister

CHINA PRESS

The government will maintain the appropriate level of expenditure to improve people's livelihood in 2023, despite the fiscal gap remaining "prominent", according to Finance Minister Liu Kun. China will appropriately expand the scope of special bonds to drive investment, and to promote the overall operation of the economy. The Finance Ministry will focus on standardising the management of local government financing platforms, and will improve the use of preferential tax and subsidy policies to both private and state firms. Liu’s comments were reported in an interview with Chinese state media outlet Xinhua.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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