China’s finance minister says there is room for more economic stimulus but offers no plan
BEIJING — The Chinese government is looking at additional ways to boost the economy, Finance Minister Lan Fo’an said Saturday, but he stopped short of unveiling a major new stimulus plan that analysts and stock investors were hoping for.
“There are other policy tools that are being discussed that are still in the pipeline,” he said at a news conference, adding that there is “ample room” in the government budget to raise debt and increase the deficit. The government has raised pensions and offered subsidies to people who trade in old cars or appliances for new ones, but such steps have failed to jolt economic growth.
But the rally has since cooled amid concern about whether the moves were enough to generate a sustainable economic recovery. Investors were hoping Lan would announce a stimulus package of up to 2 trillion yuan .
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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