ECONOMY

China to Boost Demand, Tech With Proactive Fiscal Policy

Published: Nov. 4, 2025 3:03 p.m. GMT+8

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Finance Minister Lan Fo’an. Photo: file photo

China will implement a “more proactive” fiscal policy to drive economic growth over the next five years, focusing on boosting domestic demand and technological self-reliance while reining in government debt risks, Finance Minister Lan Fo’an has detailed.

In an article published in a supplementary reader for the Communist Party’s policy recommendations for the 15th Five-Year Plan, which covers the 2026-2030 period, Lan said that while China’s long-term economic fundamentals remain strong, it faces significant shifts in industrial structure, population and wealth distribution, along with lingering risks in some sectors.

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China will adopt a “more proactive” fiscal policy from 2026-2030 to boost domestic demand and technological self-reliance, while managing government debt risks.
Fiscal tools include tax adjustments, social security, transfer payments, subsidies, and investment in research for an advanced industrial system.
Strict debt control measures will continue, with reforms to local government financing, bans on new hidden debt, and enhanced official accountability.

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