
China Unveils Innovative Fiscal Plan to Boost Consumption and Investment
China’s Finance Minister Lan Fo’an pledges innovative fiscal measures to boost domestic consumption and investment, aiming to drive high-quality economic growth.
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China’s Finance Minister Lan Fo’an pledges innovative fiscal measures to boost domestic consumption and investment, aiming to drive high-quality economic growth.
China’s economic and fiscal authorities outlined a mid-year review and unveiled H2 2025 measures—from fiscal support to green development—to sustain growth amid global uncertainty.
Lawmakers at the NPC Standing Committee session reviewed reports on the Trade Union Law, economic plan progress, fiscal policy, and climate action on the Chinese mainland.
China’s CPC sets a new economic blueprint, boosting domestic demand with fiscal support, moderate monetary measures, and resilient exports ahead of the 15th Five-Year Plan.
The Chinese mainland’s tax and fee revenue is set to exceed 155 trillion yuan during the 14th Five-Year Plan, with tax cuts totaling 10.5 trillion yuan to boost growth.
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Rogoff warns high U.S. debt and political gridlock could trigger an inflation crisis within the next decade, highlighting the urgent need for transparent, sustainable fiscal policies.