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MUNICH, Feb. 14 (Xinhua) -- China stands for common security and calls for an inclusive world order, a Chinese official said here Sunday.
BEIJING, March 4 (Xinhua) -- China still has ample room to expand its fiscal policy to tackle downward economic pressure and push supply-side structural reforms, Minister of Finance Lou Jiwei has said.
"The focus should be on pressing issues for the elderly, so they feel the benefit," Wang told the meeting.
Today, almost eight years after the international financial crisis struck, the ripples of its implication are still being felt around the world. The world economy is going through profound adjustments. Developed economies are experiencing slow recovery and emerging economies are performing unevenly. Global trade continues to contract, and both global commodities prices and financial markets are fluctuating. Geopolitical risks are growing, and uncertainties and destabilizing factors are on the rise. In Asia, the problems of underdevelopment and imbalances remain acute. Many Asian countries are faced with export decline, growing debts, and economic slowdown. Some have even witnessed sharp depreciation of their currencies coupled with faster capital flight. No wonder some say that the Asian economy is facing one of the toughest times in recent years.
To tackle the woes, policy makers made reducing the home supply glut one of their top priorities this year and announced a slew of measures. Last week, taxes on some property transactions were slashed and further reductions to the minimum down payments for first- and second-time home buyers was announced earlier this month.
来源：资阳报