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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?


To: RealMuLan who wrote (3799)11/29/2004 1:08:12 AM
From: RealMuLan  Read Replies (1) | Respond to of 6370
 
China returns to prudent fiscal policy

www.chinaview.cn 2004-11-28 15:51:10

BEIJING, Nov. 28 (Xinhua) -- China has begun to shift to a prudent financial policy for economic development after having adopted a proactive fiscal policy for securing sustainable growth during the past seven years.

The current proactive fiscal policy has already seen changes this year and China will formally implement the prudent policy next year, according to Vice Finance Minister Lou Jiwei.

In line with the prudent policy, the Chinese government will cut budget deficit and public investment, reform expenditure structure and push financial reform while carrying out macro-control measures, he said.
news.xinhuanet.com