Beijing: After poverty in Pakistan, now a period of misery has started in China as well. The financial condition of both friends has suddenly started deteriorating. The effect of recession in China is being seen since the Corona period. After this, despite many measures taken by China, the slowdown in Beijing's economy continues. This has posed a new challenge in front of Chinese President Xi Jinping. China is doing everything it can to speed up its economy.

Let us tell you that in this regard, China's Finance Minister Lan Foan said on Saturday that the government is considering additional ways to boost the economy, but he did not announce a new incentive plan. Analysts and stock investors were assuming that the government could announce new incentives. Lan's comments left the door open for such a plan in the future, but he did not say which proposals are under consideration.

China's economy slows down

"There are other policy tools that are being discussed, that are still being worked on," he told reporters. He said the government has ample room in its budget to raise debt and widen the deficit. China's economy remains sluggish even after COVID-19 pandemic-related restrictions are lifted in late 2022.