SaltWire's Atlantic regional weather forecast for October 24, 2023 | SaltWireBEIJING - China has appointed Lan Foan, a technocrat with little central government experience, as the new finance minister, state media said on Tuesday, as the government ramps up fiscal stimulus in a bid to revive the economy.
China's top parliament body on Tuesday approved the issuance of 1 trillion yuan in sovereign bonds in the fourth quarter to fund rebuilding of areas hit by this year's floods, state media said, confirming an earlier Reuters report. The world's second-largest economy grew faster than expected in the third quarter, improving the chances Beijing can meet its growth target of around 5% for 2023.
Lan began his career at the finance department of the southern Guangdong province in 1985, after graduating from the Hubei University of Finance and Economics, and became a vice provincial chief in 2016, according to his profile.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
China Names Lan Fo’an as Finance Minister to Tackle Debt RisksChina picked Lan Fo’an as the Minister of Finance to replace Liu Kun, handing Lan the responsibility over a plan to diffuse local government debt risks.
Leer más »