Chinese Finance Minister Lan Fo'an unveiled sweeping fiscal measures at the China Development Forum 2025, emphasizing proactive economic strategies designed to strengthen domestic demand and global competitiveness. Speaking to international business leaders and policymakers, Lan outlined plans combining large-scale investments with consumer incentives to navigate current economic challenges.
Domestic Market Activation
The ministry plans to issue 1.3 trillion yuan ($181 billion) in ultra-long special treasury bonds this year — a 30% increase from 2024 — alongside doubling funding for consumer goods trade-ins to 300 billion yuan. 'China's super-sized market offers unmatched potential,' Lan stated, highlighting coordinated efforts to boost both supply chain efficiency and household purchasing power.
Strategic Investment Priorities
A significant portion of fiscal resources will target:
Accelerating development of new productive forces
Strengthening education and technological innovation systems
Reiterating China's commitment to open markets, Lan pledged equal treatment for all businesses and continued improvements to the commercial environment. These measures align with the forum's theme of fostering stable global economic growth through collaborative development strategies.
The two-day forum concludes Tuesday with roundtable discussions on international financial cooperation and sustainable innovation.
