With the central bank already cutting interest rates twice this year and regulators taking steps to ease property restrictions, focus is shifting to fiscal measures to support the recovery.
Photographer: Qilai Shen/BloombergChina vowed to strengthen policy support and speed up government spending as the economy’s recovery comes under strain.
Finance Minister Liu Kun and Zheng Shanjie, chairman of the National Development and Reform Commission, made the pledges in reports to the country’s legislature on Monday, according to the official Xinhua News Agency.
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China Pledges to Speed Up Fiscal Spending to Boost Economy