Finance Minister Lan Foan has emphasised that fiscal efforts to support China’s technological advancement are a government priority, as many analysts predict that Beijing will raise this year’s fiscal deficit ratio to 4 per cent to bolster economic growth. In an article in the Communist Party mouthpiece People’s Daily on Friday, Lan pledged that his…
(Bloomberg) — China’s economic activity unexpectedly faltered to start the year, breaking the momentum of a recovery sparked by stimulus measures and underlining the need for Beijing to do more to prevent another slowdown. Most Read from Bloomberg Factory activity shrank in January after three months of expansion, with the manufacturing purchasing managers’ index falling…
China has announced a slew of supportive policies to give its economy a boost. But the past week’s stimulus blitz did not offer fiscal support to China’s discouraged consumers. China needs to spend more on its people and offer incentives for buyer demand to return Thanks for signing up! Access your favorite topics in a…