China to transfer 2.8-trln-yuan fiscal funds to local gov'ts in 2021

China's regular transfer of direct fiscal funds to the local level will reach 2.8 trillion yuan (about 435.5 billion U.S. dollars) this year, an official said Friday.

May 22, 2021

Jan-April period sees robust fund activity

The Chinese central government delivered more than 2.5 trillion yuan ($389 billion) of directly funneled fiscal funds to primary-level governments in the first four months through a normalized transfer mechanism to support employment, people's basic needs and market entities, officials said on Friday.

May 22, 2021