China's Ministry of Finance is taking aim at local debt problems before tackling broader economic challenges
In his opening remarks on Saturday, Minister of Finance Lan Fo'an laid out four measures, starting with increasing support for local governments in resolving debt risks.
China’s finance minister says there’s room to boost economy, but offers no plan
The Chinese government is looking at additional ways to boost the economy, Finance Minister Lan Fo’an said Saturday, but he stopped short of unveiling a major new stimulus plan that analysts
Follow China’s Finance Ministry Briefing on Stimulus: Live Blog
Other policy support to watch include: Whether there will be a shift in government spending toward stimulating consumers and families from the traditional mainstay of infrastructure investment Any help for the troubled housing market, such as expansion in a program that allows local governments to buy unsold homes
China’s finance minister says there is room for more economic stimulus but offers few details
China’s finance minister on Saturday said the country will “significantly increase” debt issuance to counter slow economic growth, stabilize the property market, top up the capital of state banks, and offer help to poorer people.
China’s bold move to stimulate economy? Takeaways from Finance Ministry’s press conference
Finance Minister Lan Foan said Beijing will help local governments with their debt, give subsidies to low-income individuals, support the property market, and replenish state banks’ capital.
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