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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI US MARKETS ANALYSIS - AUD/JPY Finds Bottom on China News
MNI US OPEN - PBOC Makes First Major Policy Tweak Since 2011
MNI POLICY: China to Raise Support for Real Economy: Minister
BEIJING (MNI) - China will further strengthen its real economy in its next
stage of development, including building advanced manufacturing, Vice Minister
of Finance Xu Hongcai said in Beijing on Tuesday.
"More resources, more policies and measures will be provided," Xu said at
the Guoshi Forum in Beijing held by the China News Service.
Here are other key points from Xu's speech:
- The finance ministry will channel more funding, technologies and human
resources to real economy by optimizing proactive fiscal policies in
coordination with monetary, investment, employment and industrial policies.
- The ministry will further help industries reduce costs by further
implementing tax and fee cuts.
- The government will significantly reduce general administrative spending
and boosting funds for key areas like advance manufacturing.
- Tax and fee cuts in 2019 are to exceed CNY2 trillion, or over 2% of the
GDP.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$]
To read the full story
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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.