China’s Finance Ministry to detail fiscal policy on Saturday By Reuters

BEIJING (Reuters) – China’s Finance Ministry will hold a news conference on Saturday to detail fiscal stimulus plans aimed at lifting a sagging economy, the government’s main intelligence office said on Wednesday.

Markets awaited details on the fiscal policies the Chinese government will implement in the coming weeks after the central bank and regulators announced monetary stimulus and measures to revive the housing market last month.

The Minister of Finance Lan Fo’an will participate in the press conference, the Information Office of the State Council said. The announcement said the theme of the press conference was “stepping up the countercyclical adjustment of fiscal policy to promote high-quality economic development.”

China plans to issue about 2 trillion yuan ($283.43 billion) in special bonds to boost growth after the economy slumped in the second half of the year and appeared on track to miss the government’s growth target of around 5%, Reuters last reported. month.

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