China has announced plans to implement a more proactive fiscal policy aimed at reinforcing economic stability and growth amid global uncertainties. Finance Minister Lan Fo’an outlined five key measures during a press conference on Thursday, signaling intensified efforts to navigate internal and external challenges.
Key Policy Measures
The strategy includes enhanced deficit arrangements, increased government expenditure, expanded issuance of bonds, elevated fiscal transfers, and targeted support for critical industries. Lan emphasized these measures are designed to “strengthen the foundation for sustainable growth” while addressing sector-specific needs.
Resilience and Preparedness
Lan assured the public that the central government retains adequate policy tools and fiscal reserves to respond to potential risks, stating: “China is well-equipped to maintain economic stability and ensure long-term prosperity.” The announcement follows recent data showing mixed recovery trends in the region, prompting calls for decisive fiscal intervention.
Analysts suggest the move reflects a broader push to boost market confidence, particularly for investors and businesses navigating Asia’s evolving economic landscape.
