China outlines six priorities for fiscal policy

China’s Finance Ministry has outlined six priorities for fiscal policy in its report on policy implementation in the first half of 2026.

It says the government will use existing measures and consider additional policies as economic conditions change.

The priorities include increasing domestic demand, supporting technology and industrial innovation, improving people’s livelihoods, reducing risks in key areas and reforming fiscal management.

The plan also calls for faster use of government bond funds and continued efforts to address local government debt.

The government says it will support jobs, incomes, childcare, free preschool education and services for older people.

It also plans to direct funding toward major projects, new industries and improvements to traditional industries.

The ministry says it will strengthen financial oversight and ensure public funds are used effectively.