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China Vice Finance Minister says will strengthen fiscal policy adjustments

China Vice Finance Minister:

Will strengthen fiscal policy adjustments, deepen fiscal and tax
reformsWill steadily
implement consumption tax reform in step-by-step wayWill standardise
management of local govts’ non-tax revenues

The data from China today did not inspire confidence:

China June 2024 Official Manufacturing PMI 49.4 (expected 49.4)

This article was written by Eamonn Sheridan at www.forexlive.com.

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