China Expands Fiscal Policy
This is a China news story, published by CNBC, that relates primarily to Lan Fo'an news.
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fiscal policyCNBC
•Business
Business & Economics
China has more room to act on fiscal policy amid global uncertainties, finance minister says
76% Informative
China has more room to act on fiscal policy amid domestic and external uncertainties, Finance Minister Lan Fo'an said.
China on Wednesday announced it was raising its on-budget deficit to 4% of the country's gross domestic product.
" China has delivered a pro-growth message here at the [National People's Congress ], in line with expectations," said Aaron Costello , head of Asia at Cambridge Associates .
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