China should set its 2024 fiscal deficit and special local government bonds at appropriate levels and optimise the structure of fiscal spending, a senior Communist Party official said on Wednesday, according to state media CCTV. The comments came after an agenda-setting meeting which concluded on Tuesday, where top leaders pledged to step up policy adjustments to support an economic recovery in 2024. Han Wenxiu, deputy head of the Communist Party's office for financial and economic affairs, said at an economic forum on Wednesday that China should keep consumer prices at a moderate and appropriate level.
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