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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.

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