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Liao Min attends ASEAN+3 briefing on China's macroeconomy

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China’s Vice Minister of Finance Liao Min attended a briefing under the ASEAN+3 finance deputies mechanism on March 28, where he introduced China’s current macroeconomic situation, the guiding principles of China’s two sessions and the country’s more proactive fiscal policy.

 

He also took questions on issues of common concern, including responding to protectionist measures such as tariffs, achieving China's economic growth targets, fostering new quality productive forces, preventing and resolving local government debt risks and advancing the healthy development of the real estate market.  

 

The briefing was presided over by Li Kouqing, Director of ASEAN+3 Macroeconomic Research Office (AMRO). Attendees included Atsushi Mimura, Japan’s Vice Minister of Finance, Choi Ji-young, Deputy Minister for International Affairs of South Korea’s Ministry of Economy and Finance, and Marzunisham Omar, Deputy Governor of the Central Bank of Malaysia, as well as other finance deputies and high-level representatives from the ASEAN+3 economies.

 

Participants commended China for holding the briefing and providing in-depth policy insights to the ASEAN+3 economies. They expressed their willingness to engage in further high-level exchanges on regional economic hotspot issues, with a view to jointly addressing external risks and promoting the healthy and stable economic development in the region.

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