Fiscal moves to cut risks, spur growth

Managing better: A cyclist rides past the People’s Bank of China building in Beijing. China will step up efforts to improve the mid-term management of its fiscal plans and the cross-year balancing of fiscal budgets. — Bloomberg

BEIJING: China’s fiscal measures will focus on balancing economic growth and preventing risks, with an eye on enhancing fiscal sustainability over the medium term, senior officials from the Finance Ministry said.

Fiscal policy will be enhanced to stabilise economic growth, with a focus on countercyclical adjustments.