BEIJING — China's Minister of Finance Lan Fo'an told reporters Saturday during a press briefing that the central government has room to increase debt and the deficit.
Economists have said China needs additional fiscal support, but Beijing has yet to announce any.
He did not name specific figures and noted supporting real estate required multiple policies.
In a meeting in late September, led by Chinese President Xi Jinping, authorities had called for strengthening monetary and fiscal policy support.
China's retail sales grew only modestly over the last few months, and the country's real estate slump has shown few signs of turning around.
Persons:
Lan Fo'an, Zheng Shanjie, Pan Gongsheng, Finance Lan Fo'an, Lan, Finance Liao Min, Xi Jinping, Ting Lu
Organizations:
National Development, Reform Commission, People's Bank of China, National People's Congress, BEIJING —, Finance, Nomura, National Bureau, Statistics
Locations:
Beijing, China, BEIJING