China is set to introduce a series of incremental fiscal policies in the near future to bolster its economy, according to Chinese Finance Minister Lan Fo’an. Speaking at a press conference on Saturday, Minister Lan expressed confidence in China’s financial resilience and its ability to meet the annual budget targets.
“We are fully prepared to roll out a package of fiscal measures aimed at stimulating economic growth and ensuring financial stability,” Minister Lan stated. “These policies will support key sectors and promote sustainable development.”
The announcement comes amid global economic uncertainties, where nations are seeking ways to mitigate the impacts of global challenges. China’s commitment to proactive fiscal strategies highlights its determination to maintain economic momentum and provide a stable environment for businesses and investors.
Experts anticipate that the forthcoming policies may include tax incentives, increased government spending on infrastructure, and support for small and medium-sized enterprises (SMEs). Such measures are expected to enhance domestic demand and encourage innovation across various industries.
Minister Lan emphasized the importance of these policies in achieving China’s economic objectives for the year. “We are confident in our capacity to reach our budgetary goals while also addressing the needs of our people and the broader economy,” he remarked.
Reference(s):
China to roll out policy measures to support economy: finance minister
cgtn.com
