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China’s ‘pro-active’ fiscal policy to be more effective in 2020: finance ministry

BEIJING (Reuters) – China’s finance ministry said on Friday it will ensure a more effective “pro-active” fiscal policy next year by making good use of local government special bonds and strengthening the effect of tax and fee cuts.

“(We) must … pay more attention to structural adjustments,” the ministry said.

It said it would also support the development of “new energy” vehicles, which include electric ones, in 2020.

(Reporting by Beijing Monitoring Desk; Writing by Yawen Chen)

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