China will implement creative fiscal measures to revitalize domestic consumption and accelerate strategic investments, Finance Minister Lan Fo'an announced Friday during a State Council press briefing. The move aims to reinforce the nation's commitment to high-quality economic development amid global uncertainties.
Targeted Stimulus for Consumption
Minister Lan emphasized policies designed to "unlock spending potential" through tax incentives and subsidies for households, particularly targeting green technologies and smart home upgrades. Analysts suggest this could reinvigorate sectors like electric vehicles and consumer electronics.
Strategic Investment Priorities
The fiscal blueprint prioritizes advanced manufacturing, renewable energy infrastructure, and AI research facilities. Special bonds will fund projects aligning with China's dual carbon goals while creating tech-driven employment opportunities.
Balancing Growth and Stability
While details remain undisclosed, the minister confirmed measures to prevent local government debt risks through stricter oversight mechanisms. The approach reflects Beijing's strategy to maintain economic momentum while addressing structural challenges.
