The headquarters of the Ministry of Finance of the People’s Republic of China, located in Beijing, China, is seen on November 1, 2023, as captured by China Foto Press (CFP).
In 2024, China plans to enhance the effectiveness of its proactive fiscal policy by appropriately intensifying its implementation, as stated by Minister of Finance Lan Fo’an.
Lan stated at a two-day national fiscal work conference ending on Friday that the country aims to keep up an appropriate degree of spending intensity, as quoted from his speech delivered on Thursday 21st
Lan acknowledged the challenging and complex circumstances in 2023 and commended financial authorities at all levels for successfully containing local government debt risks and supporting economic resurgence through the proactive implementation of fiscal policies.
Lan recognized the difficult and intricate conditions in 2023 and praised financial authorities across all levels for efficiently preventing local government debt hazards and bolstering economic revival via proactive fiscal policy implementation.
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