China's Finance Minister Lan Fo'an has unveiled bold plans to supercharge the economy through aggressive fiscal measures, promising 'sustained strength and effectiveness' in policy at this week's China Development Forum 2025. With themes straight out of an economic thriller, here's what you need to know:
The Big Moves:
• 1.3 TRILLION yuan ($181B) in ultra-long special bonds – a 300B yuan bump from 2024
• Double the funding for consumer trade-ins (150B → 300B yuan) to kickstart spending
• Targeted investments in tech innovation and education to build 'new quality productive forces'
Why It Matters:
"We have the world's most promising super-sized market," Lan declared, channeling China's confidence in its economic fundamentals. The strategy? Hit two birds with one stone: boost domestic consumption while upgrading industries through tech integration.
Global Handshake 
Speaking to international biz leaders, Lan promised equal treatment for all businesses as China keeps doors wide open. Key areas to watch? Green tech, AI, and next-gen manufacturing – sectors already buzzing with activity.
With the forum's focus on 'Unleashing Development Momentum', China's playing economic chess while others play checkers. What's your move?
Reference(s):
cgtn.com