Hey amigos! Ready for an economic update? China’s Finance Minister Lan Fo’an just shared some major wins from the first half of 2025 and laid out big goals for H2. Let’s dive in! 🌊
Earlier this week, the State Council submitted its midyear report on the national economic and social development plan for 2025 to the NPC Standing Committee. At a press conference on Friday, Lan Fo’an broke down the fiscal achievements so far under the 14th Five-Year Plan.
Strong H1 Highlights 🚀
Lan Fo’an praised key wins in the first half of the year:
- GDP growth steady and in line with targets
- Smarter tax policies boosting revenue
- More public spending on social and infrastructure projects
- Green and digital industries gaining speed
Looking Ahead to H2 2025 🔍
For the second half, she outlined priority areas:
- Fueling domestic consumption to drive demand
- Deepening fiscal reform and optimizing budgets
- Supporting SMEs to spark innovation
- Promoting sustainability with green policies
- Ensuring job stability and stronger safety nets
With these steps, China aims to keep growth on track and boost living standards through 2025. Stay tuned for more updates! ✨
Reference(s):
cgtn.com
