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MNI China Press Digest, Dec 31: Fscl Pol, FAI, Open-up

     BEIJING (MNI) - The following lists highlights from Chinese press reports
on Tuesday:
     China will continue to implement positive fiscal policies in 2020 and there
is still room for fees and taxes to be cut further, according to an article in
Securities Times on Tuesday. The Times cited Zhang Yiqun, vice chairman of the
China Financial Budget Performance Committee, who said the government will focus
on "improving the quality and effectiveness" of fiscal policy, which meant
making better use of fiscal investments and adopting a stricter budgetary
approach.
     The Chinese government will introduce more counter-cyclical policies to
drive the steady growth of new infrastructure, Economic Information Daily
reported on Tuesday. A total of CNY170.6 billion in special government bonds
will be issued in January 2020 with the aim of improving the financing of
infrastructure projects and boosting fixed asset investment growth, the Daily's
report said.
     China's financial sector is expected to open up further next year with
reform to the exchange bond market, according to an article in Securities Times.
The Times report cites industry insiders, who said that the reforms would be
balanced by stronger supervision to manage risks.
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com
--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MI$$$$]

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