Private sector demand key to China’s full recovery
However, new data also indicates that the recovery is faced with challenges, and policy support is needed to boost the sector's demand.
Zhang Yue
Fiscal spending, fine-tuning of policy set to ensure recovery in China
Economists said such an approach would provide a significant lift to growth this year, with the country's deficit-to-GDP ratio expected to increase.
Local govt spending to bolster China’s fiscal policy: Experts
According to an official, efforts will be made to ensure more efficient use of fiscal funds so as to directly energise the country's proactive fiscal policy.
More targeted policies in pipeline to boost growth for China
China's sound economic recovery momentum has been hampered by multiple shocks that were not expected and a resurgence of Covid-19 cases since late March, Minister of Finance Liu…
China cuts import tariff for coal to zero, with tariffs for coal between 3 and 6 percent
The move was decided by the Customs Tariff Commission of the State Council in accordance with due procedures.
China has potential in structural drivers of growth: Political adviser
Urbanization and digital economy are expected to generate new room for growth in the next 10 to 15 years.
Bigger tax and fee cuts in pipeline in China
China's finance minister Liu Kun has said the government will carry out tax and fee cuts of a more sizable scale, to generate greater sense of gains for market players.
Improved business scene on the cards for China
The annual meeting of the Ministry of Finance said the government will scale up tax and fee cuts next year to support struggling businesses.