The Ministry of Finance issued a report on the implementation of China's fiscal policy for the first half of 2026. It points out that the progress of disbursement and use of funds should be reasonably expedited, the fiscal expenditure structure should be continuously optimized, expenditure in key areas should be guaranteed, the supervision of funds should be strengthened, and the efficiency of the use of funds and the effectiveness of policy implementation should be effectively improved. Reasonably speed up the issuance and use of government bonds, better connect project implementation with bond issuance, support the implementation of detailed early planning for key projects, focus on project implementation, and form more physical workload as soon as possible. Special treasury bonds were issued to increase capital to eight central financial enterprises to enhance their ability to operate steadily, withstand risks and serve the real economy. Support the promotion of “dual” construction and “two new” tasks, and improve implementation mechanisms. Optimize and implement a package of policies for fiscal and financial coordination to promote domestic demand, improve working mechanisms for departmental collaboration and central local collaboration, and better encourage residents' consumption and leverage private investment. Coordinate the use of funds such as ultra-long-term special treasury bonds, local government special bonds, and investment within the central budget, focus more on key areas such as new quality productivity and new urbanization, invest more in areas that are strategically significant and conducive to increasing total factor productivity, and strongly support the construction of major projects determined in the “15th Five-Year Plan” plan outline. Highlight the supply of scientific and technological innovation and industrial demand, and comprehensively use policy tools such as special funds and government investment funds to promote the optimization and upgrading of traditional industries and cultivate and expand emerging industries and future industries. Implement financial support policies to promote the expansion of capacity, quality, and better development of the productive service industry and lifestyle service industry. Improve the effectiveness of investment in scientific and technological innovation, and increase support for key and strategic areas.

The Ministry of Finance issued a report on the implementation of China's fiscal policy for the first half of 2026. It points out that the progress of disbursement and use of funds should be reasonably expedited, the fiscal expenditure structure should be continuously optimized, expenditure in key areas should be guaranteed, the supervision of funds should be strengthened, and the efficiency of the use of funds and the effectiveness of policy implementation should be effectively improved. Reasonably speed up the issuance and use of government bonds, better connect project implementation with bond issuance, support the implementation of detailed early planning for key projects, focus on project implementation, and form more physical workload as soon as possible. Special treasury bonds were issued to increase capital to eight central financial enterprises to enhance their ability to operate steadily, withstand risks and serve the real economy. Support the promotion of “dual” construction and “two new” tasks, and improve implementation mechanisms. Optimize and implement a package of policies for fiscal and financial coordination to promote domestic demand, improve working mechanisms for departmental collaboration and central local collaboration, and better encourage residents' consumption and leverage private investment. Coordinate the use of funds such as ultra-long-term special treasury bonds, local government special bonds, and investment within the central budget, focus more on key areas such as new quality productivity and new urbanization, invest more in areas that are strategically significant and conducive to increasing total factor productivity, and strongly support the construction of major projects determined in the “15th Five-Year Plan” plan outline. Highlight the supply of scientific and technological innovation and industrial demand, and comprehensively use policy tools such as special funds and government investment funds to promote the optimization and upgrading of traditional industries and cultivate and expand emerging industries and future industries. Implement financial support policies to promote the expansion of capacity, quality, and better development of the productive service industry and lifestyle service industry. Improve the effectiveness of investment in scientific and technological innovation, and increase support for key and strategic areas.