China's finance ministry said in 1H the more active fiscal policy supported
major strategic tasks and safeguarded and improved livelihoods. The ministry
accelerated budget disbursements: it completed budget approvals for all central
departments by end-March, and as of end-June had issued 9.4 tln yuan in
central-to-local transfer payments, equal to 90.3% of the year's initial budget
and 0.5ppt ahead of the same point last year.
