250 billion yuan to support the trade-in of consumer goods; the Ministry of Finance will strengthen inclusive policies that directly benefit consumers

K-LinePoet · 2026-03-22T21:26:06+00:00

Finance Minister Lan Foan stated at the China Development Forum that multiple policy tools will be utilized to stimulate consumption and support the domestic market. Plans include allocating 250 billion yuan in special government bonds and 100 billion yuan in special-purpose funds to enhance residents' income and consumption capacity, as well as improve the social security system.

K-LinePoet

2026-03-22 21:26:06

Abstract generation in progress

At the China Development High-Level Forum 2026 Annual Meeting held today (22nd), Minister of Finance Lan Fuan stated that in response to the prominent contradiction of strong supply and weak demand in the current economic operation, a comprehensive use of policy tools such as deficit, special bonds, and loan interest subsidies will be employed to build a strong domestic market. Lan Fuan said that efforts will be made to boost consumption with greater力度, increase targeted policies directly benefiting consumers, including this year’s安排 of over 250 billion yuan in special long-term national bonds to support the replacement of old consumer goods, establish a 100 billion yuan fiscal and financial coordination fund to促内需, and provide more “real money” to促消费. Additionally, efforts will be made to enhance long-term consumption capacity, strengthen employment support, improve the social security system, and reinforce the调节作用 of taxes and transfer payments, increasing居民收入 through multiple channels. (CCTV News)

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