At the China Development Forum 2025, Finance Minister Lan Fo'an revealed an exciting new fiscal strategy designed to power growth and innovation. By implementing a more proactive fiscal policy this year, China aims to build on its solid economic fundamentals and respond effectively to current challenges. 🚀
Lan highlighted plans to significantly boost domestic consumption and improve investment efficiency. Key measures include the issuance of 1.3 trillion yuan in ultra-long special treasury bonds—up by 300 billion yuan from last year—and doubling the national consumer goods trade-in program funding from 150 to 300 billion yuan. These initiatives are set to unlock the vast potential of one of the world’s most promising super-sized markets.
The finance minister also underscored the importance of supporting top priorities such as education, science and technology, and talent development. By channeling fiscal funds strategically, China is poised to accelerate the development of innovative productive forces while maintaining stable, high-standard opening up and ensuring equal treatment for all business entities.
This bold fiscal approach reflects a deep understanding of potential risks and a forward-looking vision to expand domestic demand, making the targeted investments a critical part of China’s long-term growth roadmap for 2025 and beyond.
Reference(s):
cgtn.com
