 |
|
China's Minister of Finance Lou Jiwei takes questions from journalists at a news conference during the ongoing two sessions in Beijing, March 6, 2015. [Photo/ Xinhua] |
Finance Minister meets press
Finance Minister Lou Jiwei made several remarks on Friday about China's finances at a press conference on the sidelines of the annual session of the National People's Congress.
Lou remarked that the risk of China's local government debt is generally manageable.
He also denied rumors that the government spent 300 billion yuan ($47.9 billion) on public vehicles, receptions and trips.
Finally, Lou defended the country's moderately expansionary fiscal policy, saying it is necessary in coping with the downward pressures in its economy.
Related Stories
Copyright 1995 - 2015 . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
