China Vice Finance Minister says will strengthen fiscal policy adjustments

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China Vice Finance Minister:

  • Will strengthen fiscal policy adjustments, deepen fiscal and tax
    reforms
  • Will steadily
    implement consumption tax reform in step-by-step way
  • Will standardise
    management of local govts’ non-tax revenues

The data from China today did not inspire confidence:

  • China June 2024 Official Manufacturing PMI 49.4 (expected 49.4)

This article was written by Eamonn Sheridan at www.forexlive.com.



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