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CN Finance Minister: Central Govt Transfers ~RMB50T to Local Govts During '14th 5Yr Plan' Period
During the "14th Five-Year Plan" period, the Chinese central government plans to transfer nearly RMB50 trillion to local governments over five years, Chinese media report...
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CN Finance Minister: Central Govt Transfers ~RMB50T to Local Govts During '14th 5Yr Plan' Period
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During the "14th Five-Year Plan" period, the Chinese central government plans to transfer nearly RMB50 trillion to local governments over five years, Chinese media reported, quoting Lan Fo'an, Minister of Finance.

This represents the strongest effort to allocate financial resources to ensure the "three guarantees" baseline, maintaining overall stability in local government finances.

Related NewsIndustrial Production YoY for Aug in China is 5.2%, lower than the previous value of 5.7%. The forecast was 5.8%.

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