China’s Vice Finance Minister: Expect more proactive fiscal policy this year

Dhwani Mehta FXStreet

Liao Min, China’s Vice Finance Minister, said on Friday that “we can expect more proactive fiscal policy in 2025, in terms of strength, efficiency and timing.”

Additional comments

To speed up fiscal spending in a bid to formulate actual spending.

China's fiscal policy has abundant policy room and tools.

China has relatively big room of raising debt and deficit.

We will step up the coordinated efforts between fiscal policy and monetary policy in 2025.

Author

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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