FILE PHOTO: Chinese Finance Minister Liu Kun attends a news conference on China’s economic development ahead of the 70th anniversary of its founding, in Beijing, China September 24, 2019. REUTERS/Florence Lo
February 22, 2022
BEIJING (Reuters) – Chinese Finance Minister Liu Kun said on Tuesday that China will implement bigger cuts in taxes and fees this year while strengthening coordination between fiscal and monetary policy.
China will also step up transfer payments from the central government to local governments in 2022, Liu said at a press conference.
(Reporting by Kevin Yao; Writing by Ryan Woo; Editing by Tom Hogue)
Source: One America News Network
