China to step up proactive fiscal policy: finance minister
China will facilitate the expansion and improve the effectiveness of the proactive fiscal policy to cope with multiple challenges ahead, Minister of Finance Liu Kun told Xinhua in an interview.
The unsolid fundamentals for economic recovery, "triple pressure" of shrinking demand, supply shocks and weakening expectations, and a turbulent external environment demand efforts to step up maneuvers for macro fiscal policies and optimize the policy toolbox, according to Liu.
He specified that expanding fiscal policies includes efforts to coordinate the fiscal revenue, deficit, and interest subsidies and appropriately increase fiscal spending.