Back to today’s briefing

Story perspectives

China Boosts Fiscal Deficit to Ignite Economic Recovery

1/12/2025

37 3

Summary

Story summary

China's Ministry of Finance is set to boost the fiscal deficit in 2025, aiming to invigorate economic recovery. Vice Minister Liao Min revealed a bold fiscal policy that emphasizes increased spending, more government bonds, and stronger support for jobs and consumer spending, all designed to spark domestic demand in the face of global challenges.

1 of 1

Story summary

China's Ministry of Finance is set to boost the fiscal deficit in 2025, aiming to invigorate economic recovery. Vice Minister Liao Min revealed a bold fiscal policy that emphasizes increased spending, more government bonds, and stronger support for jobs and consumer spending, all designed to spark domestic demand in the face of global challenges.