Date
20 August 2017

China seen scrambling to meet spending goal, paper says

China may ramp up fiscal expenditure this month to meet its annual spending target, Beijing Times reported Thursday. Fiscal spending in the 11 months to November was 11.47 trillion yuan (US$1.89 trillion), up 9.3 percent from a year earlier. However, it lags this year’s budgeted spending target by 2.4 trillion yuan, the report said, citing the Ministry of Finance. The central government may accelerate fiscal spending to make up the difference, some analysts were quoted as saying.

– Contact HKEJ at [email protected]

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