China Pledges to Speed Up Fiscal Spending to Boost Economy
- Government aims to use up 2023 special bond quota by Sept.
- Comments come before expected monthly meeting of Politburo
China vowed to strengthen policy support and speed up government spending as the economy’s recovery comes under strain.
Finance Minister Liu Kun and Zheng Shanjie, chairman of the National Development and Reform Commission, made the pledges in reports to the country’s legislature on Monday, according to the official Xinhua News Agency.