China to Maintain Certain Intensity in Fiscal Spending...
China News
February 2, 2024
In a press briefing in Beijing, a vice-minister announced that China would maintain a certain intensity in fiscal spending in 2024. The official highlighted that economic improvements and the implementation of large-scale value-added tax refunds in 2022 contributed to the growth of fiscal revenue in 2023. The vice-minister stated that China's budget deficit would be sustained at a specific level for the coming year.