China will brief on a plan to allow local governments to refinance their off-balance-sheet debt at 4 p.m. on Friday in Beijing, where officials are expected to unveil more details of a fiscal package to help the slowing economy.
Finance Minister Lan Fo’an and Xu Hongcai, director of the budget committee of the National People’s Congress, will speak with the media at the end of a weeklong meeting of the country’s top legislative body. A press invitation doesn’t mention any policy plan other than the debt swap program reviewed by top lawmakers earlier this week.
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