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China emphasizes stability at G20, fiscal spending quickens| Reuters

Sep 06, 2015    

BEIJING China's financial markets are expected to remain stable and the renminbi is not on course for a long-term devaluation, while fiscal spending will grow faster than expected this year, the country's top financial officials told the G20.Finance Minister Lou Jiwei said that central government spending will rise 10 percent this year, more than the 7 percent growth budgeted at the start of the year, according to a statement late Saturday on the People's Bank of China website. China will raise dividend payments from designated state-owned enterprises to make up for any shortfalls.China is hea...

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