The Chinese mainland is set to implement a more proactive fiscal policy aimed at strengthening economic growth, Finance Minister Lan Fo'an announced on Thursday during a press conference.
The comprehensive strategy focuses on five key areas: enhancing deficit arrangements, increasing expenditure intensity, expanding government bond issuance, boosting transfer payments, and reinforcing support for critical sectors.
Lan highlighted that the central government possesses sufficient reserve tools and policy space to navigate potential internal and external uncertainties, ensuring sustained economic stability and resilience.
Reference(s):
China to advance more proactive fiscal strategy with key measures
cgtn.com
