{"id":448628,"date":"2023-01-03T16:17:58","date_gmt":"2023-01-03T16:17:58","guid":{"rendered":"https:\/\/omni48.com\/?p=448628"},"modified":"2023-01-12T13:18:26","modified_gmt":"2023-01-12T13:18:26","slug":"china-s-finance-minister-promises-appropriate-2023-fiscal-expansion","status":"publish","type":"post","link":"https:\/\/omni48.com\/news\/china-s-finance-minister-promises-appropriate-2023-fiscal-expansion","title":{"rendered":"China&#8217;s finance minister promises &#8216;appropriate&#8217; 2023 fiscal expansion"},"content":{"rendered":"<p>BEIJING (Reuters) &#8211; China will step up fiscal expansion in an appropriate manner in 2023 by boosting fiscal spending and investment via local government special bonds to spur the economy, state media Xinhua reported on Tuesday, citing the finance minister Liu Kun. Chinese policymakers have pledged to strengthen policy adjustments to cushion the impact on businesses and consumers of a surge in COVID-19 infections after Beijing&#8217;s abrupt COVID-19 policy U-turn. The world&#8217;s second-largest economy also faces declining exports due to slow global growth and a protracted property slump at home, which also reduced local governments&#8217; revenue from land sales. Liu said in an interview with Xinhua that the government needed to expand fiscal expenditure, use local government special bonds to drive investment and increase transfer payments from the central government to poor and less developed areas. The government needs to &#8220;ensure fiscal sustainability and keep local government debt risks controllable,&#8221; the finance minister said. Policymakers in 2022 drew on an<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BEIJING (Reuters) &#8211; China will step up fiscal expansion in an appropriate manner in 2023 by boosting fiscal spending and investment via local government special bonds to spur the economy,<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[22,1],"tags":[],"class_list":["post-448628","post","type-post","status-publish","format-standard","hentry","category-economy","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/448628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=448628"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/448628\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=448628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=448628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=448628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}