National Committee of the Chinese People's Political Consultative Conference Standing Committee Member and Chairman of China Enterprise Financial Management Association Zhang Liangqi: Fiscal Policy to Increase Overall Force and Promote Economic Structure Transformation and Upgrade

K-LinePoet · 2026-03-20T15:27:48+00:00

In 2026, China will continue to implement an proactive fiscal policy, expanding fiscal expenditures with a focus on sustainability and long-term economic momentum. Tax revenues will grow steadily, while rigid expenditures will continue to increase, driving domestic demand and economic structural transformation and upgrading.

K-LinePoet

2026-03-20 15:27:48

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By 2026, China will continue to implement more proactive fiscal policies, further expanding fiscal expenditure while fully considering the long-term sustainability of public finances and focusing on strengthening development resilience. Zhang Lianqi, a Standing Committee member of the Chinese People’s Political Consultative Conference, President of the China Enterprise Financial Management Association, and Vice President of the Chinese Taxation Society, told Securities Times reporters that this year, China’s tax revenue will grow steadily, with rigid expenditures in key fiscal areas “only increasing and not decreasing,” significantly enhancing fiscal sustainability. China’s more active fiscal policy will feature “increased overall volume, a more optimized structure, and reform-driven empowerment,” effectively stimulating domestic demand and promoting the transformation and upgrading of the economic structure. (Securities Times)

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