China’s fiscal expenditure budget has exceeded 30 trillion yuan for the first time this year, while new government bonds reached 11.89 trillion yuan, the largest scale in history. Central government transfers to local governments surpassed 10 trillion yuan for the fourth consecutive year, reaching 10.42 trillion yuan. Vice Minister of Finance Liao Min said fiscal policy in the second half will prioritize accelerating fund use, expanding domestic demand and strengthening fiscal reform management. Based on macroeconomic conditions, the Finance Ministry will also timely introduce practical and effective incremental policies to support a qualitative improvement and reasonable growth in the economy.