Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: China Fiscal Policy To Boost Domestic Demand - Liu

MNI (Singapore)

Beijing's fiscal authorities will push to boost domestic demand and enforce the current policy of tax and fee cuts to give the necessary support for economic recovery, China's finance minister told reporters Friday.

Fiscal revenue will slow from the rapid 21.8% y/y growth seen in H1 and policymaking will look to the future, be targeted and effective, Liu Kun noted. Policy focus will be to boost key technologies, industrial supply chain improvements and pollution control. In addition, the regulator look to find ways to prevent local government debt becoming regional and systemic risks, he said.

Liu added that China will be an active participant in negotiations to overhaul the international tax system to address the digitalization of the global economy, pushing for a consensus on a final agreement in October.


To read the full story

Why Subscribe to


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.