Ultra-long bonds, tax changes and tighter debt oversight anchor fiscal strategy as growth remains uneven
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According to the report, the ministry will continue issuing ultra-long-term special government bonds for major national projects. Photo: IC
Beijing will also boost stimulus to support families and further back emerging industries, finance minister says.
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A look beyond headline growth figures reveals how provinces are relying on the monetization of state assets to fill in the gaps…
Debt resolution, weak land revenues and falling infrastructure funds show that local governments are no longer driving expansion…
Early surge in budget outlays contrasts with weak revenue growth
