At the China Development Forum 2025, Finance Minister Lan Fo'an revealed a bold new fiscal agenda designed to boost domestic consumption, improve investment efficiency, and drive long-term economic growth. Speaking amid a gathering of global business leaders and policymakers, Lan emphasized that China’s robust economic fundamentals and extensive experience in macroeconomic management have paved the way for a more proactive fiscal policy.
Lan highlighted that the nation’s enormous market potential is key to fueling consumption growth. He noted that China plans to issue 1.3 trillion yuan in ultra-long special treasury bonds this year—an increase of 300 billion yuan compared to last year—while also doubling funding for the national consumer goods trade-in program from 150 billion to 300 billion yuan. These measures aim to stimulate both the supply and demand sides of the market.
Alongside these fiscal initiatives, the central government is focusing on accelerating the development of new quality productive forces. Enhanced support for education, science and technology, and talent development is expected to further integrate technological and industrial innovation, preparing the economy to meet future challenges head on.
The forum, held from March 23 to 24 under the theme "Unleashing Development Momentum for Stable Growth of Global Economy," served as a platform for discussions on building a resilient, integrated global economy. Lan stressed that by maintaining fiscal flexibility and an inclusive approach toward business, China is setting a benchmark for high-standard opening up and an improved business environment.
This proactive fiscal strategy not only reinforces China’s economic resilience but also aims to contribute to a stable, dynamic global economy—an approach that resonates with young global citizens, innovative entrepreneurs, and future leaders around the world.
Reference(s):
cgtn.com
