China’s Finance Ministry: Proactive fiscal policies to stabilize growth next year

Dhwani Mehta FXStreet

China will roll out fiscal policies proactively to stabilize economic growth in 2022, the country’s Finance Ministry said at its briefing on Monday.

“Fiscal expenditures will be kept up to bolster growth and the central government will step up transfers to local governments to support necessary spending,” the Ministry said.

The statement added, “China will maintain overall social stability ahead of the 20th congress of the ruling Communist Party next year.”

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Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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