At a press briefing held by the State Council Information Office on Friday, China’s Finance Minister Lan Fo’an outlined a bold plan to reinvigorate the economy by tapping into innovative fiscal policies.
By focusing on domestic consumption and productive investment, Lan said, the government aims to shore up high-quality economic growth amid shifting global dynamics. “We will adopt fiscal measures in an innovative manner to stimulate spending and expand productive investment,” Lan stated, underscoring the need for fresh strategies to drive sustainable development.
The plan signals a shift toward using targeted incentives and strategic investments to unlock new growth engines. Though details remain to be released, the emphasis on “innovation” suggests a nimble approach that may engage digital tools, green projects and emerging sectors.
For young entrepreneurs, travelers and global citizens, this push could mean greater opportunities as domestic markets open up to new ventures. With consumer confidence at the core, the measures also aim to create a ripple effect across industries—from retail and services to manufacturing and technology startups.
As China navigates the post-pandemic era, boosting consumption at home is seen as a linchpin for steady growth, reinforcing its role in the global economic landscape. Observers will be watching closely as Lan’s vision for innovative fiscal policy comes into focus in the coming months.
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China to use fiscal policy innovatively to spur spending & investment
cgtn.com
