China's finance minister says will increase fiscal spending this year

China's finance minister crossing the news wires:

• says will appropriately increase fiscal spending this year

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Comments come after improved Chinese data today:

• China official February PMIs: Manufacturing 52.6 (prior 50.1) Services 56.3 (prior 54.4)
• China Caixin Manufacturing PMI comes in at 51.6 in February (prior 49.2)