China has optimized coordinated fiscal and financial policies to boost domestic demand: finance ministry
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
China’s coordinated fiscal and financial policies aimed at increasing domestic demand have been optimized and improved, a finance ministry official said on Friday.
New measures include expanding the scope of interest subsidies, increasing the number of agencies, and raising the upper limit on quotas, Vice Minister of Finance Liao Min told a press conference held by the State Council Information Office.
The Ministry of Finance, in line with economic development needs, is continuing to work on and formulate new policies and measures, which are expected to be introduced in the second half of this year, said Liao.
Reference Link:- https://english.news.cn/20260821/8431e91031a3448b93257a5e5ca2fbef/c.html
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
