China's general public budget spending up 2.9% in Q1

In the first quarter, China's general public budget spending increased 2.9% year on year to nearly 7 trillion yuan (US$985 billion), with fast growth in sectors including social security and employment, Vice Minister of Finance Wang Dongwei said at a press conference Monday.

April 23, 2024

China's non-financial ODI up 12.5% in Q1

China's non-financial outbound direct investment (ODI) totaled 242.92 billion yuan (US$34.2 billion), up 12.5% year on year, largely driven by rapid investment growths in ASEAN and the EU, said Guo Tingting, vice minister of commerce, at a press conference Friday.

April 23, 2024

Tax policy to better support economic recovery

China's fiscal authorities will intensify efforts in areas like fully supporting sci-tech innovation and expanding domestic demand to further facilitate economic recovery, a senior official from the Ministry of Finance said on Monday at a news conference in Beijing.

April 23, 2024

China reports general public budget spending near 7 trln yuan in Q1

China's general public budget spending expanded 2.9 percent year on year to nearly 7 trillion yuan (about 985 billion U.S. dollars) in the first quarter of 2024, according to a Monday press conference.

April 23, 2024