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.

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.