Lan Fo'an: Innovatively establish fiscal and financial coordination to promote domestic demand policy tools, focusing on two key areas: residents' consumption and private investment

On March 6th, at the press conference on the economy during the Fourth Session of the 14th National People’s Congress, Minister of Finance Lan Fuan stated that this year, an innovative policy tool has been established to promote domestic demand through fiscal and financial collaboration. The focus is on two key areas: residents’ consumption and private investment. A set of mechanisms has been designed to leverage the respective advantages of fiscal, financial, and industrial policies, integrating and coordinating them organically. This aims to drive the flow of financial liquidity and large-scale social funds toward consumption and the real economy, further amplifying the multiplier effect of fiscal funds. (People’s Financial News)