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CHINA PRESS: China will continue with a proactive fiscal policy, optimize the
structure for fiscal expenditures, ensure support for key sectors and projects,
and strengthen supervision on local government debt, Shanghai Securities Journal
said in a front-page analysis report Monday, citing the Ministry of Finance.
China's fiscal deficit is expected to be kept around 3% this year with tight
money supply and a neutral monetary policy, the journal cited economists as
saying. China's current proactive fiscal policy will steer away from boosting
credit demand and instead focus on supply-side structural reform, such as
ensuring support for key sectors and projects promoted by the government, it
said citing Gao Peiyong, chairmen of economic research department of China
Academy of Social Science. (Shanghai Securities Journal)