Customers purchase goods at a Pangdonglai store in Xuchang, Central China's Henan province, April 15, 2025. [Photo/Xinhua]
China is expected to step up the efficiency of its proactive fiscal policy next year, sharpening its focus on expanding domestic demand and strengthening long-term innovation capacity β priorities experts say will anchor China's economic strategy for the 15th Five-Year Plan (2026-30).
In a recent signed article published in People's Daily, Finance Minister Lan Fo'an said fiscal authorities will "comprehensively expand domestic demand" and "support high-level technological self-reliance and self-strengthening", adding that active fiscal p
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