China to introduce more incremental policies in H2, says vice finance minister

China's Ministry of Finance will, depending on macroeconomic conditions, timely introduce practical and effective incremental policies to support improvements in economic quality and sustain reasonable growth in H2, Vice Finance Minister Liao Min said at a press conference on August 21.

He said that since the beginning of 2026, the Ministry of Finance has firmly implemented a more proactive fiscal policy. This year, budgeted fiscal spending exceeded Yuan 30 trillion ($4.46 trillion) for the first time, newly added government bonds reached a record Yuan 11.89 trillion, and central government transfer