China's Finance Minister Promises Accelerated Fiscal Stimulus in 2025

At the China Development Forum 2025, Finance Minister Lan Fo'an emphasized the need for a more proactive fiscal policy to stimulate China's economy, which is currently facing challenges such as sluggish domestic demand and a struggling property market. Lan announced plans to accelerate fiscal spending, increase bond issuance, and boost consumption and investment efficiency, citing China's vast market potential as a key driver for recovery. The government aims to issue 1.3 trillion yuan in special treasury bonds this year to support these efforts, marking a significant increase from the previous year. Additionally, Lan highlighted the importance of enhancing the business environment and ensuring equal treatment for all businesses. The minister's comments reflect a broader strategy to balance growth while managing risks associated with local government debt and external economic pressures. Overall, these measures are designed to revitalize consumer spending and industrial growth amid ongoing economic uncertainties.