Analytics

China’s Central Government Steps Up Spending to Bolster Economy

China’s central government accelerated spending at the start of the year, a sign it’s taking on more financing responsibility to support the economy and to avoid worsening local government debt risks.
China’s Central Government Steps Up Spending to Bolster Economy
Its general public expenditure jumped 14% from a year earlier to 482.8 billion yuan ($66.8 billion) in January and February combined, the fastest pace for the period in five years, according to data provided by the Ministry of Finance. Beijing is gradually shifting the responsibility for supporting economic growth to central government from local officials — a way to maintain... ...

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