China ramps up fiscal policy

World Today

Chinese Finance Minister Lou Jiwei said China’s Fiscal Policy needs to be expansionary in the changing time. CCTV’s Yang Chenxgi reports.

China ramps up fiscal policy

China ramps up fiscal policy

Chinese Finance Minister Lou Jiwei said China's Fiscal Policy needs to be expansionary in the changing time.

Highlights:

  • China is ramping up its fiscal policy engine to boost economic growth in the country.
  • Lou Jiwei said this proactive tone requires a healthy balance sheet for the government and makes the issue of local government debt more important.