With the economy on a firm footing and fiscal revenue increasing, China lowered its fiscal deficit target to 2.6 percent of GDP for 2018, down by 0.4 percentage points compared with 2017, the first drop since 2013.
MOF data showed ten local governments including Hubei and Xinjiang have issued 219.5 billion yuan of bonds since January.
China will continue to improve bond issuance of local governments and step up prevention and control of debt risks, Lou said.
At the press conference, Lou also said China will continue to vigorously push forward negotiations of the Agreement of Government Procurement and strive for a win-win result as early as possible.
As the world's second largest economy, China's government procurement will provide a huge market to other participants, greatly improve international trade, and inject vitality into global economic recovery, Lou said.
【国内英语资讯:China reports steady growth in fiscal revenue】相关文章:
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