BEIJING, March 31 ― China needs to step up fiscal policy assistance for its economy, Vice Finance Minister Zhu Zhongming said today, adding the country will move steadily on implementing preferential tax and fee policies.
“Currently, the external environment is volatile, world economic growth is sluggish, and global trade is being impacted. The foundation for China's economic recovery is not yet solid and the triple pressures of demand contraction, supply shocks, and weakening expectations remain significant,” Zhu said.