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. Last Updated: 07/27/2016

China Economy Prop




BEIJING -- The Chinese government said it would continue its massive fiscal stimulus program until the economy was able to grow without state help.


"We will continue to implement a proactive fiscal policy this year despite the economic trend improving," Finance Minister Xiang Huaicheng said Wednesday.


He told reporters that China would be watching the economy's vital signs when deciding whether to turn off state spigots.


But as the multibillion-dollar program of government borrowing and state-directed bank lending entered its third year - raising some red flags about rising state debt - Xiang denied the government would keep priming the pumps indefinitely.