BEIJING (Sept 12): China’s fiscal policy has ample room, the government’s debt ratio remains “reasonable” and risks are controllable, Finance Minister Lan Foan said on Friday, pledging a more flexible fiscal push to shore up economic growth.
The world’s second-largest economy has been hobbled by persistently weak domestic demand, a multi-year property crisis and mounting US trade pressure. Exports slowed in August as the boost from a US tariff truce faded, fuelling calls for more stimulus.
“Fiscal policy…always keeps contingency measures in reserve and there remains ample room for stronger fiscal support in the future,” Lan said at a press conference in Beijing.
“Next, the Finance Ministry will continue to maintain policy…