Tax & Spend
China’s Finance Ministry Vows Greater, Faster Spending in 2025
- Ministry of Finance holds two-day conference on fiscal work
- Officials reaffirm greater focus on boosting consumption
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China’s finance ministry reaffirmed it will increase public spending with a greater focus on boosting consumption to support the economy next year, ahead of growth headwinds from looming US tariffs.
China will “expand the magnitude of fiscal spending and accelerate the spending pace,” according to a statement published Tuesday following a two-day national conference held by the Ministry of Finance on fiscal work in 2025.