China vice fin min says must increase fiscal support for the economy | Forexlive

Vice Finance Minister inn China:

• China fiscal policy to be stepped up to support the economy
• China will move to implement preferential tax, fee policies – ease tax burdens on small firms, household businesses
• China firms still face difficulties, need more support

I posted earlier on the PBOC injecting hefty sums into the banking system:

A couple of weeks ago the Bank cut RRR:

Now this on fiscal support too.

The PMIs are all in expansion already while more support flows in: