BEIJING: China's stepped-up fiscal policies are emerging as a pillar in its efforts to stabilize the economy, offering much-needed support to sectors under financial strain and helping the world's second-largest economy weather persistent global uncertainty.
In 2025, the country pledged to intensify counter-cyclical adjustments, raising the deficit-to-GDP ratio to 4 percent and setting the government deficit at 5.66 trillion yuan (about $786 billion), both at their highest levels in recent years.
