国内英语资讯:Larger tax cut in pipeline, says Chinas finance minister
China will make fiscal funds more effective and channel more capital into weak areas including poverty relief, agriculture, innovation and environmental protection, Liu said, adding that the general government spending would be cut by more than 5 percent.
Liu denied concerns about massive stimulus and stressed that the measures were counter-cyclical, aimed to strike a balance between stable growth and risk prevention, and would be more market-oriented and law-based.
China has assigned 1.39 trillion yuan worth of bonds to local governments, which Liu said would be used to finance the development of poor areas and major projects of railways, water conservation and rural revitalization.
【国内英语资讯:Larger tax cut in pipeline, says Chinas finance minister】相关文章：
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