atans1

Relax World, All be be revealed on Sat

In China on 04/03/2016 at 6:31 am

The government is trying to use fiscal stimulus to bridge a gap in economic growth as China’s manufacturing and export sectors cool and consumer spending has not yet caught up to replace them. The big question about the stimulus program is whether it will involve building more steel mills and coal-fired power plants, which are already in surplus but are part of politically powerful industries, or whether the government will take steps to help consumer spending, like lowering value-added taxes. – Keith Bradsher

NYT Dealbook

Background

China’s annual work report and the finance ministry’s draft budget will be presented in Beijing. Prime Minister Li Keqiang of China is scheduled to present his government’s annual work report to the National People’s Congress in Beijing on Saturday. The report will be accompanied by a draft budget from the finance ministry. Zhu Guangyao, a vice minister of finance, said on Thursday that the budget would call for a widening of the deficit from 2.3 percent last year.

 

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