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China will continue with a proactive....>
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)
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.