China’s FinMin Liu: Will adjust policies on tax and fee cuts based on assessments

China’s Finance Minister Liu Kun is also seen speaking about the fiscal measures to be implemented, in order to ramp up the dwindling economic growth.          

Key Quotes:

Will adjust policies on tax and fee cuts based on assessments.

Aims to allocate all local govt bond proceeds to projects by end-Oct.

• China’s NDRC Vice Chairman Ning: We will step up efforts to stabilize economic growth