Innovation, not subsidies, powers China's tech progress

Since joining the World Trade Organization in 2001, China has submitted eight central government-level and six local government-level notifications on subsidy policies. The scale of China's fiscal subsidies is far lower than estimates by some international institutions, Vice Minister of Finance Liao Min said at a press conference Tuesday.

January 21, 2026

Finance ministry: Export tax rebate adjustment for photovoltaic, battery products to help curb involution-style competition

China's Ministry of Finance on Tuesday said that changing export tax rebates for a range of products, including photovoltaic and battery products, will help comprehensively curb involution-style competition as the country moves to steer industries toward green, high-quality growth.

January 21, 2026

Nation to follow 'more proactive' fiscal policy

China will continue to pursue a "more proactive" fiscal policy this year with increased government spending and more supportive policy measures of greater intensity to sustain economic growth, Vice-Minister of Finance Liao Min said.

January 21, 2026

Vice finance minister: China to sustain growth in fiscal spending for 2026

​China will continue to implement a more proactive fiscal policy in 2026 that can be summarized as "expanding total volume, optimizing structure, enhancing efficiency, and strengthening momentum," Vice Minister of Finance Liao Min said Tuesday.

January 20, 2026