Economy

China to continue proactive fiscal policy

(Xinhua)
Updated: 2010-05-29 11:41

BEIJING - China's Minister of Finance Xie Xuren said Friday that the government would stick to a proactive fiscal policy to buoy economic and social development as the country faced uncertainties, both home and abroad.

The current domestic and international situation was "still very complicated," Xie said at a conference in Beijing, adding that the world economic recovery was still fragile.

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"The European sovereign debt crisis would hamper the global economic recovery," Xie said.

At home, the foundation of the economic recovery was not solid yet with many difficulties ahead, Xie added.

He said the government would stick to a proactive fiscal policy and make the measures introduced since the crisis, more flexible and better-targeted.