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Boosting Fiscal Revenue Priority For H2

CHINA PRESS

China must prioritise increasing fiscal revenues in H2 to reverse the downward trend of public finances in H1, according to Hu Xiaopeng, deputy director at the Institute of World Economics of the Shanghai Academy of Social Sciences. Authorities need to accelerate consumption tax reforms through central-local sharing, to stimulate local governments into boosting consumption and optimising supply. All sectors of society can benefit from a better business environment if institutional and legal processes are safeguarded, Hu added. (Source: Yicai)

MNI Beijing Bureau | lewis.porylo@marketnews.com

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