China Pledges Timely Fiscal Support to Bolster Growth

Global Market: China stocks hold steady as investors await fiscal support

China’s stock markets were largely subdued on Friday as investors weighed prospects of additional fiscal support against weak domestic demand and a global bond selloff. Sentiment was supported by comments from Vice Finance Minister Liao Min that the government would roll out additional fiscal measures in response to economic developments.

China pledges timely fiscal support to bolster growth

A greater share of fiscal spending will be directed towards households and consumption. Read more at straitstimes.com.

Timely fiscal policy moves set for economic fixes

The country will roll out additional fiscal policy measures in a timely manner in response ⁠to economic developments, Vice Finance Minister Liao Min said on Friday. It will maintain the continuity and stability of macroeconomic policies and plan and allocate fiscal resources over a longer time horizon, Liao said at a press conference. Fiscal spending should be further ⁠optimised, with a greater focus on investing ⁠in people and ⁠boosting domesti…