Weekend: China finance minister Lan Fo’an reaffirmed the need for proactive fiscal policy

China’s finance minister Lan Fo’an wrote in an article published over the weekend, emphasizing the importance of a proactive fiscal policy in consolidating and enhancing the country’s economic recovery.

• outlined the ministry’s commitment to implementing the spirit of the Central Economic Work Conference and the specific arrangements of the Government Work Report
• underscored the need for the continued implementation of a proactive fiscal policy
• stressed increasing the intensity of fiscal expenditure
• MOF will use a combination of policy tools, such as deficits, special local bonds, and ultra-long-term special government bonds

The article was published by the party magazine Qiushi on Saturday.

This article was written by Eamonn Sheridan at www.forexlive.com.