Official: Higher transfer payments support local fiscal stability

​China has maintained local fiscal stability this year, with the central government allocating 8.99 trillion yuan (US$1.24 trillion) to local governments in transfer payments by the end of June, said Wang Jianfan, an official at the Ministry of Finance, at a press briefing Wednesday.

August 2, 2024

China revs up fiscal policy support to spur economic recovery

China is making efforts to step up its fiscal policy support and ensure the implementation of established policies, aiming to consolidate its economic recovery as rising external headwinds weigh on growth.

August 1, 2024