China finance ministry announce fiscal support measures ...Middle East

Ministry of Finance statement, in brief:

China plans to intensify efforts to mitigate risks in key sectors, according to the Ministry of Finance.China will expand the issuance of government bonds to bolster economic stability.China aims to strengthen international financial collaboration.China is committed to fostering domestic demand growth.China pledges to promote a higher level of openness to the global economy.The Ministry of Finance will increase financial transfers to local governments to address and manage local debt risks effectively.Additional support will be provided for trade-in initiatives. This article was written by Eamonn Sheridan at www.forexlive.com.

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