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China Should Expand Investment under Proactive Fiscal Policy: Daily

CHINA PRESS
MNI (Singapore)

China’s proactive fiscal policy should focus on building green investment momentum through directing fiscal resources and structural monetary policy tools to guide funds to green, low carbon and technological innovation, the Economic Daily reported citing Zeng Gang, deputy director of the National Institution for Finance & Development. The key of proactive fiscal policy next year is to maintain a level of fiscal spending and start infrastructure investment early as well as implement new tax and fee cuts to stabilize the economy, the newspaper said citing Feng Qiaobin, deputy director of the Macroeconomic Research Department of the Development Research Center of the State Council.

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