Ministry of Finance: "During the 14th Five-Year Plan period, the national fiscal strength has greatly increased, and there is still ample room for future fiscal policy efforts."

According to the Securities Times app, on September 12, the State Council Information Office held a series of themed press conferences on "achieving high-quality completion of the '14th Five-Year Plan'", introducing the development effects of financial reforms during the 14th Five-Year Plan period. Minister of Finance, Liu Fuxian, introduced at the meeting that financial policies consider both risk prevention and development promotion, always leaving room for maneuver, and there is still sufficient space for future financial policy efforts. Firstly, the long-term positive trend of China's economy has not changed, which determines that the basic situation of fiscal operations is always solid and stable. Secondly, in recent years we have accumulated more and more macro-control experience, policy tools continue to enrich, and the ability to regulate counter-cyclically and across cycles has greatly enhanced. Thirdly, with the further improvement of institutional mechanisms for preventing risks in key areas, as well as the gradual digestion of existing risks, the fiscal response to future challenges is more confident and calm.