Trumponomics may be wrong medicine for U.S. economy today
WASHINGTON Tax cuts, deregulation and more federal spending advocated by the incoming Trump administration are a classic remedy for economic stagnation and long unemployment lines.
BEIJING China will appropriately increase fiscal spending in 2017 and continue with policies to reduce taxes and fees, the finance ministry said on Thursday after a meeting to set next year's agenda.
"Make fiscal policy more proactive and effective, continue policies to reduce taxes and fees, appropriately expand fiscal spending, support the economy to operate within a reasonable range," finance minister Xiao Jie said.
Xiao also said China would strengthen local government debt management and continue with tax reform.
(Reporting by Beijing Monitoring Desk; Editing by Robert Birsel)
DAVOS, Switzerland Open markets and global trade have been blamed for job losses over the last decade, but global CEOs say the real culprits are increasingly machines.
BRUSSELS Heineken, the world's second largest brewer, said on Friday it was in talks with Japanese rival Kirin Holdings Co Ltd over the latter's struggling business in Brazil.