China Vice Finance Minister says fiscal spending, policy will help expand domestic demand ...Middle East

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China Vice Finance Minister says fiscal spending, policy will help expand domestic demand
China Vice Finance Minister 2023 tax and fee cuts, rebates totalled 2.2 trillion yuanExpects fiscal revenue to continue to recover in 2024Will maintain certain intensity in fiscal spending in 2024Fiscal policy will help expand domestic demandWill appropriately increase investment under central government budgetThis is hardly flood-like stimulus, but China has been saying that won't be coming. China's piecemeal efforts have not adequately addressed a moribund, deflationary economy. Still, these efforts are better than nothing. In other news from China, this is from a Bloomberg report (gated), in brief:President Xi Jinping skipped setting the date for an already delayed meeting to

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