Proactive fiscal policy giving a fillip to structural reforms, say experts

China's proactive fiscal policy, which has stabilized economic growth over the past five years, aims to boost investment, consumption and support structural reforms, experts said.

During the 13th Five-Year Plan (2016-20) period, China's fiscal policy has remained largely proactive, focusing more on stimulating domestic demand and facilitating supply-side structural reforms, they said.

Though the global economic environment has become complicated, the fiscal policy has become more proactive, forward-looking and flexible, with additional fiscal tools and adjustment measures to spur economic growth, said Wan Ping, deputy head of the policy and fiscal affairs department of the Ministry of Finance.