This year, China innovatively introduced a package of policies to promote domestic demand through fiscal and financial coordination. This is one of the highlights of a more active fiscal policy. At a press conference held by the State Information Office this morning on the theme of “Starting the 15th Five-Year Plan” series, the Ministry of Finance “presented” a report card on the policy package. According to reports, this year, fiscal and financial collaboration will promote domestic demand through six policy tools, and the central government allocated 100 billion yuan to achieve “1+1＞2” policy effects through a transmission chain of fiscal guidance, financial expansion, and market operation. Vice Minister of Finance Liao Min said that since the package was introduced for more than six months, implementation progress has been in line with expectations, and the effectiveness of the policy has gradually been shown. Approximately 113 million residents, including 6.22 million enterprises, have received policy support.

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