More infrastructure funding sources eyed

The government will continue to expand debt financing channels to support spending on infrastructure construction this year to help offset a sharp slowdown in fiscal revenue growth, said the Ministry of Finance.

The effects of the 2 trillion yuan ($308 billion) tax and fee cut plan - the most aggressive in the country's history - were evident in the first quarter.

Tax and fee growth sharply declined by 11.9 percentage points from a year earlier to 5.4 percent by the end of March, the ministry said on Tuesday.