-
Advertorial
-
FOCUS
-
Guide
-
Lifestyle
-
Tech and Vogue
-
TechandScience
-
CHTF Special
-
Nanshan
-
Futian Today
-
Hit Bravo
-
Special Report
-
Junior Journalist Program
-
World Economy
-
Opinion
-
Diversions
-
Hotels
-
Movies
-
People
-
Person of the week
-
Weekend
-
Photo Highlights
-
Currency Focus
-
Kaleidoscope
-
Tech and Science
-
News Picks
-
Yes Teens
-
Budding Writers
-
Fun
-
Campus
-
Glamour
-
News
-
Digital Paper
-
Food drink
-
Majors_Forum
-
Speak Shenzhen
-
Shopping
-
Business_Markets
-
Restaurants
-
Travel
-
Investment
-
Hotels
-
Yearend Review
-
World
-
Sports
-
Entertainment
-
QINGDAO TODAY
-
In depth
-
Leisure Highlights
-
Markets
-
Business
-
Culture
-
China
-
Shenzhen
-
Important news
在线翻译:
szdaily -> Business -> 
Scope of fiscal policy debated
    2018-07-19  08:53    Shenzhen Daily

THE country’s fiscal policy should help steer structural changes rather than stimulating growth in a forceful way, a senior Finance Ministry researcher said in remarks published yesterday, amid a heated debate on how to steer policy as the economy slows.

The remarks by Liu Shangxi, head of Chinese Academy of Fiscal Sciences under the Finance Ministry, come amid a debate among government researchers on whether fiscal policy should help to soften the impact of a trade war with the United States.

“The current proactive fiscal policy, which is different from the traditional expansionary policy, is not direct government effort to expand demand, but indirect effort through stimulating market vitality, optimizing resource allocation and increasing quality supply,” Liu wrote in the Economic Information Daily.

China’s economic growth slowed slightly to 6.7 percent in the second quarter of the year as China’s efforts to contain debt hurt activity, while June factory output growth weakened to a two-year low in a worrying sign for investment and exporters as a trade war with the United States intensified.

Liu’s comments are the latest development in a debate started by the central bank’s research heard Xu Zhong who said fiscal policy is not active enough and the budget deficit ratio this year should be higher.

Xu’s remarks prompted an unidentified Finance Ministry official to write in the financial magazine Caixin that the size of the budget deficit does not simply indicate the Finance Ministry’s push for a proactive fiscal policy.

Xu also wrote last month that China cannot rely on monetary policy easing to resolve its structural problems, and said fiscal policy should play a bigger role.

The central bank overseas monetary policy while the Finance Ministry supervises fiscal policy. (SD-Agencies)

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn