BEIJING: China’s finance authorities said they will step up fiscal spending in 2026 to secure a strong opening to the country’s 15th Five-Year Plan period (2026–2030).
Finance Minister Lan Fo’an said at the national fiscal work conference held over the weekend that China will adopt a more proactive fiscal policy next year, echoing guidance set at the recent Central Economic Work Conference.
According to the meeting, policymakers will introduce stronger measures in 2026 to make better use of government bonds and raise the effectiveness of transfer payments.
Officials also pledged to further optimize spending structures and strengthen coordination between fiscal and financial policies.
The finance ministry will continue fiscal backing for consumer goods trade-in programs to stimulate consumption, while expanding effective investment. More funding will be directed to priority areas, including “new quality productive forces” and talent development.
Lan said fiscal policies will focus on supporting employment and income growth, improving the quality of education, strengthening healthcare services, and enhancing the social security system.
He also urged faster action to address risks linked to existing hidden debts, while strictly preventing new debt increases.
