China's Finance Minister: More Room for Fiscal Policy Action Amid Global Uncertainties
China's Finance Minister Lan Fo'an stated on Thursday that the country has additional room to implement fiscal policies in response to both domestic and external uncertainties. This move is expected to stabilize the economy and boost growth. As global economic uncertainties continue to rise, China's fiscal policy is likely to play a crucial role in maintaining stability. With a focus on economic growth and development, the government is exploring various options to stimulate the economy, including increased spending and investment. Key areas of focus include infrastructure development and social welfare programs, which are expected to drive growth and reduce inequality. China's fiscal policy actions will be closely watched by investors and economists alike.
