China’s Finance Minister: Economic recovery is still not solid

Commenting on China’s economic recovery, the country’s Finance Minister Liu Kun said on Wednesday that it is still not solid.

Additional takeaways

Risks include a contraction in demand and disruptions to supply.

The government has to enhance transfer payments to less developed areas as well as increase fiscal spending and investment in more regions using the proceeds from the issuance of special government bonds.

Will prevent systemic risks from government debt.

Risks are controllable.