CCTV News: On March 23, the 2025 Annual Meeting of the China Development High-Level Forum opened in Beijing. Minister of Finance Lan Foan said that since the third quarter of 2024, my country has introduced a number of targeted fiscal incremental policies. These policies adhere to systematic design, focus on integrated innovation, highlight precise implementation of policies, grasp the timing of efforts, promote a significant economic recovery and effectively boost social confidence.
Turned by a series of incremental policies, in the first two months, the national industrial added value above the scale, total retail sales of consumer goods, and fixed asset investment increased by 5.9%, 4% and 4.1% year-on-year respectively, both higher than the growth rate of the whole year of the previous year, and the economic operation continued to rebound and improve.
Lan Foan said that at present, the fiscal policies introduced by my country adhere to systematic design, comprehensively considering the goals of stabilizing growth, adjusting structure, benefiting people's livelihood, and preventing risks. Use the idea of reform to plan and implement fiscal policies, strengthen countercyclical adjustments, and promote effective quality improvement and reasonable quantitative growth of the economy. At the same time, we focus on integrated innovation and promote the formation of policy synergy.
Lan Fo'an introduced that policy innovation should be strengthened, treasury bonds and local government bonds should be arranged, large state-owned commercial banks should support capital recovery of idle land and existing commercial housing, and implement old-for-new consumer goods, etc. Implement negative list management for special bonds, strengthen policy integration, combine the use of a variety of fiscal and tax tools, strengthen mutual cooperation with monetary and other policies, and make efforts in the same direction, and improve overall efficiency.
Lan Foan also stated that my country's fiscal policy also emphasizes precise implementation of policies, and uses key breakthroughs to drive the smooth flow of the overall economic cycle. At the same time, seize the strength and timing to enhance the forward-looking, targeted and effective regulation.
Lan Foan introduced that in terms of strength, make good use of the policy space, and give it enough at one time if you see the determined areas. Take the initiative to take the lead, accelerate the progress of fiscal expenditure, accelerate the issuance and use of bonds, and form actual expenditures as soon as possible. In terms of rhythm, plan at one time, implement it step by step, and continue to work hard. In terms of policy reserves, make a good amount of money and prepare a sufficient policy toolbox.
Lan Foan said that at present, my country's economic and fiscal strength has been significantly enhanced, and its practical experience in macro-control and fiscal management has been enriched, and sufficient fiscal space has been reserved for dealing with possible impacts and challenges. my country will take multiple measures to accelerate the development of new quality productivity
The reporter learned from the 2025 annual meeting of the China Development High-Level Forum that in 2025, my country will firmly grasp the key task of realizing new industrialization. Promote the integrated development of scientific and technological innovation and industrial innovation, promote the stable continuous transformation of new and old kinetic energy, and accelerate the development of new quality productivity.
Li Lecheng, Secretary of the Party Leadership Group of the Ministry of Industry and Information Technology, said that in 2025, my country will increase the supply of high-quality science and technology, implement the high-quality development actions of key industrial chains in manufacturing, and plan and layout a number of new national major science and technology projects in emerging fields such as humanoid robots and atomic manufacturing. Encourage and support foreign-invested enterprises to set up R&D centers in China, jointly carry out technological research and development with domestic enterprises, and provide the world with the "source of innovation". At the same time, strengthen the enterprise's leading position as a scientific and technological innovation.
Li Lecheng introduced that my country will cultivate innovative enterprises in a gradient manner, promote the development and growth of specialized and new small and medium-sized enterprises, and promote the development of unicorn enterprises and gazelle enterprises. Actively support foreign-funded enterprises to innovate and start businesses in China, so that more enterprises can achieve "acceleration" in new fields and new tracks.
In terms of institutional and mechanism reform, my country will issue implementation opinions on promoting the high-quality development of the science and technology service industry. Promote the construction of national technology trading service platforms and national manufacturing pilot platforms, and use market-oriented mechanisms to spawn a number of professional technology transfer institutions. Support foreign-invested enterprises to participate in the transformation and connection of results and innovation and entrepreneurship platforms, accelerate the transformation and implementation of advanced technologies, products and solutions in China, and promote the transformation of more innovative results into real productivity. In addition, my country will continue to optimize innovation and business environment.
Li Lecheng introduced that the institutional opening of rules, regulations, management, standards and other systems have been steadily expanded. Promote the accelerated circulation of innovative elements such as finance, talents, and data on a global scale. Deepen collaborative innovation between industry, academia and research, accelerate the construction of several open and diversified innovative "small ecology" and jointly prosper the "big ecology" of global integrated development.
