China Vice Finance Minister says will strengthen fiscal policy adjustments

China Vice Finance Minister:

• Will strengthen fiscal policy adjustments, deepen fiscal and tax
  reforms
• Will steadily
  implement consumption tax reform in step-by-step way
• Will standardise
  management of local govts’ non-tax revenues

The data from China today did not inspire confidence:

• China June 2024 Official Manufacturing PMI 49.4 (expected 49.4)

This article was written by Eamonn Sheridan at www.forexlive.com.