China's fiscal policy to remain basically stable with no sharp turns in 2021: minister


Delegates applaud as China's President Xi Jinping (C) arrives for the opening ceremony of the National People's Congress at the Great Hall of the People in Beijing on March 5, 2021. - AFP

BEIJING, March 6 (Xinhua): China will keep its fiscal policy basically stable and make no sharp turns in 2021, the country's finance minister has announced.

The country will lower the deficit ratio and quota of the local government special bonds from last year, Minister of Finance Liu Kun told a press conference on the sidelines of the annual national legislative session in the capital city.

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