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Economy

Chinese finance minister vows a more proactive fiscal policy

March 26, 2020


Abstract : China's proactive fiscal policy will play a bigger role in improving quality and efficiency and supporting the expansion of domestic demand, said Finance Minister Liu Kun when attending the meeting of G20 finance ministers and central bank governors recently.

BEIJING, March 25 (Xinhua) -- China's proactive fiscal policy will play a bigger role in improving quality and efficiency and supporting the expansion of domestic demand, said Finance Minister Liu Kun when attending the meeting of G20 finance ministers and central bank governors recently.

On the premise of effective epidemic containment, the Chinese government has adopted a series of fiscal and monetary policies to support the resumption of work and production and promote economic growth, said Liu.

China is confident of maintaining stable and healthy economic development, Liu said, while calling on all parties to strengthen cooperation and jointly safeguard global economic and financial stability.

All parties should strengthen macroeconomic policy coordination, quickly implement appropriate and targeted fiscal and monetary policies, stabilize global supply chains, and liberalize trade and facilitate investment, Liu added.

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Keyword: proactive fiscal policy

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