China’s finance ministry has announced plans to increase public spending to boost consumption and support the economy in 2025, as growth is expected to be impacted by looming US tariffs. The Ministry of Finance held a two-day conference on fiscal work, reaffirming its focus on boosting consumption. According to the statement, China will expand its fiscal spending magnitude and accelerate its spending pace to address potential economic headwinds.
Source: https://www.bloomberg.com/news/articles/2024-12-24/china-s-finance-ministry-vows-greater-faster-spending-in-2025