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China’s finance minister says local government finances mostly stable

Dow Jones Newswires Last Updated: March 1, 2023 at 3:46 a.m. ET First Published: March 1, 2023 at 2:37 a.m. ET By Dow Jones Liu Kun, Finance Minister of China Lintao Zhang/Getty Images China’s finance minister pledged to boost fiscal spending to shore up the economy and expressed confidence in managing the country’s huge government

china’s-finance-minister-says-local-government-finances-mostly-stable

Dow Jones Newswires

By

Dow Jones

Liu Kun, Finance Minister of China

Lintao Zhang/Getty Images

China’s finance minister pledged to boost fiscal spending to shore up the economy and expressed confidence in managing the country’s huge government debt.

Local government finances remained mostly stable in 2022 and were likely to further improve this year amid an economic rebound, Finance Minister Liu Kun said at a press conference on Wednesday.

China’s…

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