China to boost openness in fiscal policy over next five years

Speaking at the China Development Forum 2026 in Beijing, Lan said that against a backdrop of subdued global economic momentum, China would pursue a proactive fiscal policy at home while strengthening international financial cooperation to inject greater stability and positive momentum into the global economy.

China will place greater emphasis on openness and shared benefits in its fiscal policy over the next five years, Finance Minister Lan Fo’an said on March 22, 2026, at the China Development Forum in Beijing.
The country will pursue proactive domestic measures while expanding international financial cooperation to support global stability and inclusive growth.

Lan noted that China will deepen bilateral and multilateral financial cooperation and work to improve global economic governance. The country will collaborate with partners through financial and economic channels to address global challenges and deliver more tangible outcomes.

He also emphasised that China will continue fostering a more fair, transparent and non-discriminatory business environment so that all market participants, including foreign enterprises, can compete on a level playing field.

The China Development Forum 2026, held from March 22–23, is themed “China in Its 15th Five-Year Plan Period: Advancing High-Quality Development and Creating New Opportunities Together,” and serves as a platform for dialogue between Chinese policymakers and global business leaders.

Fibre2Fashion News Desk (JP)