China's Fiscal Policies Show Progress in Boosting Domestic Demand

On April 24, Li Nan, Deputy Director of the Financial Department of China's Ministry of Finance, stated at a press conference that the comprehensive policy package aimed at boosting domestic demand has progressed as expected in the first quarter. According to Jin10, the policies have gradually shown their effects, achieving phased success in supporting credit issuance, stimulating private investment, and promoting consumer spending. The initiatives have benefited 2.71 million businesses and 54.19 million consumers.