CHINA GOVT. PLANS TO IMPROVE EFFICIENCY AND QUALITY OF ITS FISCAL POLICIES

Highlights –

• China govt. plans to improve efficiency and quality of its fiscal policies.
• The Chinese govt. plans to normalize its implementation of the specified transfer payment mechanism.
• Around US$234.71 billion of fiscal 2020 funds went through the specified transfer payment mechanism.
• The priority of fiscal spending will be given to people's livelihood.
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Tags : CHINA GOVERNMENT, CHINA FISCAL POLICIES, CHINA FINANCE MINISTER, LIU KUN, CHINA TAX AND FEE CUTS,

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