Stronger fiscal support vowed for H2 growth

New measures expected to bolster domestic demand, spur investment

China will accelerate fiscal spending and roll out fresh measures to strengthen fiscal-financial coordination in the second half of the year — moves that are expected to help shore up domestic demand, stabilize investment, and put the broader economy on a firmer footing, said officials and experts.

The planned upgrade in fiscal support follows a mixed performance in July, with new growth drivers maintaining strong momentum while key consumption and investment indicators came under pressure — a weakness experts attributed in part to slower fiscal spending.

With ample maneuvering room, faster bond issuances, and quick rollout of new policy-based financial instruments, experts said a more expansionary fiscal stance in the second half should keep the economy on track to meet the full-year growth target of 4.5 to 5 percent.