China's Fiscal Boost: Targeted Spending for Economic Growth
Update: 2025-12-28
Description
China to Boost Fiscal Spending in 2026: Focus on Manufacturing, Tech, and Human SkillsChina plans to widen its fiscal spending in 2026 to stimulate economic growth amid global challenges. The government will invest in advanced manufacturing, tech innovation, and human skills development. This shift towards stronger government spending comes as interest rate cuts are limited, and the economy faces challenges from a long property slump and external pressures. Leaders emphasize domestic demand as the real engine of growth, aiming to boost household incomes and consumer spending. The ministry also plans to standardize tax breaks, launch new pilot cities, and improve government bond programs. This focused support signals Beijings commitment to steadying the economy and building for the future.
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