China Vows More Efficient Fiscal Spending to Support 2026 Growth

China said it will expand government spending and improve how it deploys capital in 2026, aiming to balance supporting growth and containing debt risks.

Beijing plans to boost expenditure and strengthen the spending power of local authorities through more effective transfer payments, the Ministry of Finance said in a Sunday statement. The announcement, following a year-end policy meeting, suggests a focus on better coordination between fiscal and financial tools rather than more forceful stimulus measures.