# fiscal policy
Latest news and articles about fiscal policy
Total: 31 articles found
Where China’s Spending Stalled: Why Cash Isn’t Reaching Households
Household saving in China has risen despite ongoing economic growth, as property-driven wealth effects and income insecurity curb consumption. Policymakers have deployed targeted fiscal support but face a deeper structural challenge: converting corporate profits and public investment into stable household income to sustain demand.
US Treasury Chief Says No Price Too High for Action Against Iran, Raising Fiscal and Strategic Alarms
Treasury Secretary Scott Bessent told Sky News there is no monetary cost that would make him tell President Trump a war with Iran is unaffordable, while administration officials told Congress the first six days of such a conflict could cost at least $11.3 billion. The comment signals a willingness to prioritise strategic aims over fiscal caution, raising questions about Congressional funding, market fallout and regional escalation risks.
China Trials Mortgage-Interest Subsidies to Rekindle Homebuying — Pilots, Not a Nationwide Bailout
Mortgage-interest subsidies have re-emerged as a policy option during China’s national legislative meetings, with delegates proposing targeted fiscal support and tax deductions to revive homebuying. Several cities are already piloting such schemes, but analysts warn that subsidies alone cannot fix deeper structural problems and that nationwide roll-out would be fiscally challenging.
Beijing Bets on Babies: China’s 300‑Yuan Monthly Childcare Subsidy and a >100 Billion‑Yuan Fiscal Push
China has rolled out a 300‑yuan monthly childcare subsidy for children born after Jan. 1, 2022 — worth 10,800 yuan over three years — and has dispatched payments to roughly 33 million households. Combined central and local spending on the program has exceeded 1,000 billion yuan, and Beijing pairs the cash transfers with expanded childcare slots, leave policy adjustments and planned legislation to embed family support into the institutional framework.
Beefed-Up Fiscal Push and Industrial Targets: China Signals a Big Economic Reset at NPC Press Conference
At the NPC economic press conference, Beijing announced record fiscal spending, a large new government bond issuance and coordinated monetary easing while unveiling social, industrial and infrastructure targets for the coming Five-Year Plan. The package pairs near-term demand support with long-term state-led investment in six emerging sectors and major energy and transport projects, alongside capital-market reforms and stronger investor protections.
China’s Economic Stewards Deliver a Reassuring, Targeted Playbook: Fiscal Push, Market Reform and a Firm RMB
At a high-profile economic press session, China’s top economic managers signalled a cautious but constructive approach: targeted fiscal-financial support, equity-market reform, steady financial opening and a firm stance on the currency. The package prioritises market confidence and structural adjustments over broad stimulus, leaving impact contingent on implementation and private-sector response.
China’s Economic Chiefs Signal Targeted Growth Push: Big Fiscal Envelope, Faster Credit and Market Reforms
China’s top economic officials announced a coordinated set of fiscal, monetary and market measures to stabilise growth, strengthen domestic demand and accelerate strategic sectors such as AI. The plan combines record fiscal spending and transfers, a fiscal–financial coordination tool to mobilise private capital, targeted infrastructure and service-sector investment, and capital-market reforms to improve equity financing and investor protections.
Beijing’s Quiet Pivot: A Range-Based GDP Target and a Shift from Growth to Quality
China’s 2026 Government Work Report sets a GDP target range of 4.5–5.0 percent and signals a strategic shift from quantity to quality of growth. The plan pairs greater central fiscal leverage with targeted credit tools, expanded social spending and a push to cultivate a new generation of strategic industries.
Beijing Recalibrates for Resilience: More Social Spending, Big Bets on AI and Future Industries in 2026 Work Plan
China's 2026 government work report lowers the GDP target to 4.5–5% and shifts fiscal priorities toward consumption, social protection and strategic technologies. Beijing plans targeted bond-financed measures to boost demand while concentrating public funds on AI, semiconductors and other future industries as part of a broader push for resilience and technological self-reliance.
China’s Two Sessions Signal a Quiet Pivot: Modest Stimulus, Big Bets on Tech and Decarbonisation
China’s 2026 policy package keeps overall fiscal appetite steady but prioritises three strategic directions: lifting prices modestly, accelerating technology and industrial self‑reliance, and imposing a roughly 3.8% carbon‑intensity reduction. The government set a lower but pragmatic GDP target of 4.5%–5%, signalling a conscious pivot from quantity to quality of growth.
Li Qiang’s Fifth-Year Blueprint: Fiscal Firepower, Tech Push and a Focus on Domestic Demand
Premier Li Qiang’s government work report for 2026 balances modest growth targets with an expanded fiscal programme, a reinforced industrial-technology push and stronger social supports. The plan emphasizes domestic demand, strategic R&D investment, and risk-managed stabilisation of property and local-government debts while reaffirming Beijing’s assertive foreign-policy and security posture.
Beijing Turns to Long-Term Debt and Family Subsidies to Repair Growth — Markets and Tech Watch Closely
Beijing plans to issue large volumes of ultra-long special sovereign bonds in 2026 to support major projects, shore up state banks and give local governments funding room, while lawmakers propose big increases in childcare subsidies financed by long-term bonds. The measures underline an active fiscal response to slowing growth but raise questions about future debt burdens, market reaction and the sustainability of bond-financed social spending.